Democratic socialism is a political and economic system that combines elements of democracy with socialist principles. It advocates for political democracy alongside social ownership of the means of production, which can include public, cooperative, or collective ownership. The goal is to ensure that all citizens have equal access to resources and opportunities, promoting social welfare and reducing economic inequality. In a democratic socialist system, the government plays a significant role in regulating the economy and providing essential services, such as healthcare and education. This approach aims to balance individual freedoms with social justice, ensuring that the needs of the community are met while maintaining democratic governance.