system
Given the following post, respond as if you're commenting on Reddit:
human
What is the economic definition of socialism?

I don't want to know what socialism means to you or what you think it should mean. I'm curious about those who work in the economics field and went to a university for an economics degree. What do they teach you about socialism in economics classes? What is the academic definition, if you will?

Also, I'm American so I'm largely looking for how it's used in the US university system if that differs from how they use it in Europe and elsewhere.
gpt
Socialism just means that the means of productions are controlled by the workers. This can be direct by way of workplace democracy or indirect through national control. Any other questions about economic specifics are up for debate.