The definition :


Definitions of socialist economy:

  • noun:   an economic system based on state ownership of capital



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:collective collectivist collectivistic collectivized socialistic state controlled pol political leader politician politico commie communist engels fabian friedrich engels internationalist karl marx leftist left winger marx capitalist capitalistic list socialism vocalist :economic system saving thriftiness sector action efficiency frugality frugalness system curtailment downsizing economies of scale free enterprise industrialism laissez faire economy market economy non market economy retrenchment state capitalism state socialism any bank capitalism culture demand

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