/ English Dictionary |
STATE SOCIALISM
Pronunciation (US): | (GB): |
I. (noun)
Sense 1
Meaning:
An economic system in which the government owns most means of production but some degree of private capitalism is allowed
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("state socialism" is a kind of...):
economic system; economy (the system of production and distribution and consumption)