Social ownership can be public, collective or cooperative ownership, or citizen ownership of equity.[12] Socialism has numerous variants and so no single definition encapsulating all of them exists,[13] with its definition subject to ongoing academic scrutiny and redefining,[14] although social ownership acts as a common element shared by its various forms.[5][15][16]
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^"What else does a socialist economic system involve? Those who favor socialism generally speak of social ownership, social control, or socialization of the means of production as the distinctive positive feature of a socialist economic system" N. Scott Arnold. The Philosophy and Economics of Market Socialism : A Critical Study. Oxford University Press. 1998. p. 8
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^"2. (Government, Politics & Diplomacy) any of various social or political theories or movements in which the common welfare is to be achieved through the establishment of a socialist economic system" "Socialism" at The Free dictionary
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