"Szocialista" is the Hungarian term for "socialist," referring to a political and economic ideology that advocates for social ownership and democratic control of the means of production. It emphasizes the importance of reducing inequality and providing for the welfare of all citizens, often through government intervention in the economy. In Hungary, the concept of socialism has historical significance, particularly during the era of the Hungarian People's Republic and later under the People's Republic of Hungary. These periods were marked by state control over industries and a focus on collective welfare, shaping the country's political landscape.