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Socialist economy   /sˈoʊʃələst ɪkˈɑnəmi/   Listen
Socialist economy

noun
1.
An economic system based on state ownership of capital.  Synonym: socialism.  Antonym: capitalism.





WordNet 3.0 © 2010 Princeton University


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"Socialist economy" Quotes from Famous Books



... in a short time the entire bureaucracy was liquidated, the Soviet Union declared an unequivocal workers' state, the army replaced by Redguards, the selling of Soviet bonds decreed a contravention of socialist economy, wages of all were equalized, and the word stakhanovism ...
— Greener Than You Think • Ward Moore


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