Socialism in Creating a Political Economic Theory Balanced by Societal Influence

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Socialism
Socialism is a political and economic concept embellished on the social organization structure that advocates for community equal social ownership rights. In this regard, the means of production, distribution, and exchanges are regulated by society. This paper explores various socialism theories and offers an in-depth understanding of how people interact within multiple contexts.
1 Symbolic interactionism is a theory focused on understanding the role of communication in building and maintaining interpersonal relationships in a social group, such as in child development. This concept emphasizes gestural and linguistic communication. It is crucial in the growth and development of a child as a social being. On the other hand, functional analysis is a technique employed by sociologists to explain and describe social phenomena in society, such as family. The formation of a family provides context for reproducing and nurturing responsible children. Finally, the conflict perspective theory views society as a complex system comprising different groups and interests fighting for power and resources. This theory was initially introduced in the era of Industrialization after concern to meet basic needs shifted to making profits—for example, the feminist theory. People’s division into two different categories substantiates control and denies access to many resources (Mooney et al.).
2 Culture is the way of life such as attitudes, values, symbols, beliefs, and arts of a particular social group or nation generally acceptable within their environment. Also, it is a way of people’s thinking, practices, perception of the world, and behavioral patterns. Culture is the product of our s...