IPA: //soʊˈʃælɪstɪk//
KK: /soʊˈʃælɪstɪk/
Relating to or supporting a political and economic system where the means of production are owned and controlled by the community or the state, aiming for equal distribution of wealth and resources.
The socialistic policies implemented by the government aimed to reduce income inequality.
Socialistic → It is formed from "social" (from Latin "socialis", meaning of companionship or society) and the suffix "-istic" (meaning pertaining to or characteristic of). The word "socialistic" refers to something that is characteristic of or related to social organization or society, particularly in the context of collective or communal ownership.
Think of 'social' as relating to companionship or society, and '-istic' as indicating a characteristic. This helps you remember that 'socialistic' pertains to the characteristics of a society or community.