| NOUN | group | socialist economy, socialism | an economic system based on state ownership of capital |
|---|
| Meaning | An economic system based on state ownership of capital. | |
|---|---|---|
| Synonym | socialism | |
| Narrower | International | Any of several international socialist organizations |
| 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 |
| Opposite | capitalism, capitalist economy | An economic system based on private ownership of capital |
| Spanish | economía socialista, socialismo | |
| Catalan | socialisme | |
©2001-25 · HyperDic hyper-dictionary · Contact
English |
Spanish |
Catalan
Privacy |
Robots