Asia Minor is a geographic region in the south-western part of Asia comprising most of what is present-day Turkey. The earliest reference to the region comes from tablets of the Akkadian Dynasty (2334-2083 BCE) where it is known as âThe Land of the Hatti â and was inhabited by the Hittites.
What is 'Socialism'. Socialism is a populist economic and political system in which the means of production operate under public political ownership, sometimes called common ownership. Common ownership under socialism may take shape through technocratic, oligarchic, totalitarian, democratic or even voluntary rule. All legal production and distribution decisions are made by the ruling class.
Confidence votes 565. Socialism seeks to replace the structure of the present economy with an alternative economic system that is not based on the accumulation of capital, private ownership of the means of production, and orientation of the economy to produce private profits.asically, Nazism is a political ideology centered around the idea of nationalism and racialism in a type of capitalist economy, with little or no contribution to economics; whereas socialism is an economic system that has little to no relation to the social and political system.