state socialism

1. 1.

   an economic system in which the government owns most means of production but some degree of private capitalism is allowed

   Broadereconomy

Questions about state socialism

What does state socialism mean?

state socialism means "an economic system in which the government owns most means of production but some degree of private capitalism is allowed".

Is state socialism a common word?

state socialism is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.