Types of socialism include a range of economic and social systems characterised by social ownership and democratic control of the means of production and organizational self-management of enterprises as well as the political theories and movements associated with socialism. Social ownership may refer to forms of public, collective or cooperative ownership, or to citizen ownership of equity in which surplus value goes to the working class and hence society as a whole. There are many varieties of socialism and no single definition encapsulates all of them, but social ownership is a common element shared by its various forms. Socialists disagree about the degree to which social control or regulation of the economy is necessary, how far society should intervene, and whether government, particularly existing government, is the correct vehicle for change.
As a term, socialism represents a broad range of theoretical and historical socioeconomic systems and has also been used by many political movements throughout history to describe themselves and their goals, generating a variety of socialism types. Socialist economic systems can be further divided into market and non-market forms. The first type of socialism utilizes markets for allocating inputs and capital goods among economic units. In the second type of socialism, planning is utilized and include a system of accounting based on calculation-in-kind to value resources and goods wherein production is carried out directly for use.
