socialist economy

Synonyms:

socialism

Antonyms:

capitalism, capitalist economy

an economic system based on private ownership of capital

Types:

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communism

a form of socialism that abolishes private ownership

International

any of several international socialist organizations

Naziism, Nazism, national socialism

a form of socialism featuring racism and expansionism and obedience to a strong leader

Falange

the Spanish Nazi party under Franco

Bolshevism, collectivism, sovietism

Soviet communism

Type of:

managed economy

a non-market economy in which government intervention is important in allocating goods and resources and determining prices