socialist economy

Other forms: socialist economies

Definitions of socialist economy

1. noun

   an economic system based on state ownership of capital
   synonyms: socialism

   types:

   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