Market socialism refers to an economic system that combines elements of socialism with market mechanisms, where the government owns the means of production and directs investment, but distributes goods and services according to consumer demand and supply.
Public ownership refers to the government ownership and operation of a productive facility or entity for the purpose of providing goods and services to the public, as well as portions of a corporation's stock that are publicly owned and traded in the market.
Socialism is an economic system characterized by government ownership or control over the major critical industries, while allowing collective ownership and some private ownership in less critical sectors like agriculture and services.
