socialist economy 1
noundomain: group
Princeton WordNet [ver.3.1]
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EnglishDefinition
an economic system based on state ownership of capital
Synonyms
- socialism 2
an economic system based on state ownership of capital
Hypernym
a non-market economy in which government intervention is important in allocating goods and resources and determining prices
EnglishHyponym
communism 1
noun
a form of socialism that abolishes private ownership
International 1
noun
any of several international socialist organizations
Nazism 1
noun
a form of socialism featuring racism and expansionism and obedience to a strong leader
