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- Social ownership of the means of production is the defining characteristic of a socialist economy12. It can take the form of community ownership, state ownership, common ownership, employee ownership, cooperative ownership, and citizen ownership of equity1. Social ownership is the appropriation of the surplus product, produced by the means of production, or the wealth that comes from it, to society as a whole2.Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Social ownership of the means of production is the defining characteristic of a socialist economy, and can take the form of community ownership, state ownership, common ownership, employee ownership, cooperative ownership, and citizen ownership of equity.en.wikipedia.org/wiki/Social_ownershipSocial ownership is the appropriation of the surplus product, produced by the means of production, or the wealth that comes from it, to society as a whole. It is the defining characteristic of a socialist economic system.wiki.alquds.edu/?query=Social_ownership
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