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.
Communism and socialism are economic and political structures that promote equality and seek to eliminate social classes. Sometimes, the two are used interchangeably, though they are quite different. In theory, socialism and communism sound appealing, with everyone doing their share and working together to provide for the greater good. Each utilizes a planned production schedule to ensure the needs of all community members are met.