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.
Rating Newest Oldest. Best Answer: Socialism is a system where the government runs businesses, provides services and even products. It is not a type of government, it is a type of economy. And it is never found in its pure state, always in some mixture with capitalism.nyway, Progressivism still fully supports Capitalism, and is much more like what the Social Democrats of Europe support.. providing the essentials that everyone in a nation needs, like healthcare and unemployment, with welfare for struggling families.