Market Socialism is an economic system that combines elements of socialism and capitalism. In this model, the means of production are owned or regulated by the state or cooperatives, while market mechanisms are used to allocate resources and distribute goods. This allows for competition and innovation, similar to a capitalist economy, but aims to achieve social welfare and reduce inequality. In Market Socialism, profits generated by enterprises can be distributed among workers or reinvested into the community. This approach seeks to balance the efficiency of free markets with the social goals of socialism, promoting both economic growth and social equity.