Meaning | An economic system based on state ownership of capital. |
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Synonym | socialism |
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Narrower | International | Any of several international socialist organizations |
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Nazism, Naziism, national socialism | A form of socialism / socialism featuring racism and expansionism and obedience to a strong leader |
communism | A form of socialism / socialism that abolishes private ownership |
Broader | managed economy | A non-market economy in which government intervention is important in allocating goods and resources and determining prices |
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Opposite | capitalism, capitalist economy | An economic system based on private ownership of capital |
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Spanish | economía socialista, socialismo |
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Catalan | socialisme |
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