socialist economy meaning

UK /ˈsəʊʃəlɪst ɪˈkɒnəmi/ US /ˈsoʊʃələst ɪˈkɑnəmi/ 7 syllables

socialist economy (noun): an economic system based on state ownership of capital.

Definition of socialist economy

  1. an economic system based on state ownership of capital

    Synonyms: socialism

    Type of: managed economy

    Kinds: communism, International, Nazism

How to pronounce socialist economy

socialist economy is pronounced /ˈsəʊʃəlɪst ɪˈkɒnəmi/ in British English and /ˈsoʊʃələst ɪˈkɑnəmi/ in American English. It has 7 syllables.

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