SOCIALIST ECONOMY

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 Dictionary entry overview: What does socialist economy mean? 

• SOCIALIST ECONOMY (noun)
  The noun SOCIALIST ECONOMY has 1 sense:

1. an economic system based on state ownership of capital

  Familiarity information: SOCIALIST ECONOMY used as a noun is very rare.

 Dictionary entry details 

• SOCIALIST ECONOMY (noun)

Sense 1

Meaning:

An economic system based on state ownership of capital

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

socialism; socialist economy

Hypernyms ("socialist economy" is a kind of...):

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

Hyponyms (each of the following is a kind of "socialist economy"):

communism (a form of socialism that abolishes private ownership)

International (any of several international socialist organizations)

national socialism; Naziism; Nazism (a form of socialism featuring racism and expansionism and obedience to a strong leader)