Definition of socialist economy Socialist economy
We found 1 definitions of socialist economy from 1 different sources.
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What does socialist economy mean?
WordNet
Noun |
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| socialist economy - an economic system based on state ownership of capital | ||
| socialism | ||
| capitalism, capitalist economy an economic system based on private ownership of capital | ||
| managed economy a non-market economy in which government intervention is important in allocating goods and resources and determining prices | ||
| communism a political theory favoring collectivism in a classless society | ||
| international any of several international socialist organizations | ||
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