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.
Socialism vs Democratic Socialism. Socialism means equality in the society and democratic socialism means equality in a democratic state. Socialism can be defined as a system of collective ownership and management of the means of production and the distribution of goods. Socialism also views that in a capitalist state, the wealth and power is concentrated among a small section of the society.