socialist economy

Noun

Meaning

an economic system based on state ownership of capital

Synonyms

Antonyms

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Examples

It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system, price flexibility proves to be a characteristic feature of the socialist economy. Michal Kalecki

It is essential to link enterprises on the basis of objective laws of a socialist economy and legal system. Samora Machel

But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world. Peter L. Berger

America is now a socialist economy. The definition of a socialist economy is when 50% or more of your economy is dependent on the federal government. Christine O'Donnell

Enrico Barone provided a comprehensive theoretical framework for a planned socialist economy. Source: Internet

Ironically, the socialist economy became steadily more dependent on financial infusions from hard-currency loans from West Germany. Source: Internet

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