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)

Credits