socialist economy


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Related to socialist economy: communist economy
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.socialist economy - an economic system based on state ownership of capital
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
managed economy - a non-market economy in which government intervention is important in allocating goods and resources and determining prices
References in periodicals archive ?
To achieve Xi Jinping's Thought on Socialist Economy with Chinese Characteristics for the New Era will be the key.
That Mr Corbyn's steadfast support for the patrician Tories who want nothing to do with the EU is driven by his belief in a socialist economy for Britain.
In a predominantly socialist economy, there is little competition, and so manufacturers (including, of course, state-run concerns) have little incentive to monitor or improve the quality of their products.
Still, despite the homophobic sentiments behind much of the socialist state's social reform, Stout shows the ways in which queer Cubans draw on and believe in socialist moral discourse, also noting that the provisions of the socialist economy are absolutely necessary for them to get by.
The expansion of private self-employment is one of the principal economic reform strategies implemented by the Cuban government to "update" the country's socialist economy.
China has markedly reduced social imbalances by presenting a true socialist economy for a large population.
As a socialist and UNITE the Union member, I believe that we need a democratic socialist economy, controlled by the workers and their allies, to ensure prosperity for all.
The author traces the events of the era ruled by Mao Zedong in China, focusing on the decisions made by leaders before him that were not reconsidered and created the structure of the new revolutionary state, which emphasized a Communist Party apparatus that exercised discipline over members or leaders and a socialist economy based on that of the Soviet Union.
China calls itself a socialist economy but its Gini ratio is now as high as the US," he said, referring to a globally comparative measure of inequality.
Mises and Hayek showed how managers in a socialist economy would always lack the necessary incentives and information to make efficient decisions.
Libya faces a long road ahead in liberalizing its primarily socialist economy, but the revolution has unleashed previously restrained entrepreneurial activity and increased the potential for the evolution of a more market-based e c o n o m y .

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