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Social democracy is a political ideology that officially has as its goal the establishment of democratic socialism through reformist and gradualist methods. It advocates for a peaceful, evolutionary transition of the economy to socialism through progressive social reform of capitalism.
Socialism is an economic system where the ways of making money are owned by a society as a whole, meaning the value made belongs to everyone in that society, instead of a group of private owners. People who agree with this type of system are called socialists. There are two ways socialists think that society can own the means of making wealth: either the state is used or worker-owned cooperatives are used. Another important belief is that management and sharing are supposed to be based on public