Socialist economics refers to the economic theories, practices, and norms of
hypothetical and ..... A socialist economy is a system of production where goods
and services are produced directly for u...
1. socialist economy (n.) an economic system based on state ownership of capital
. Synonyms: communism · managed economy · national socialism · socialism ...
Aug 20, 2014 ... One of the traditional arguments for a free market economy is that it provides
businesses with a tangible incentive to offer goods and services ...
Definition of socialist economy: A national financial system based on the public or
cooperative ownership and administration of primary production capabilities.
an economic system based on state ownership of capital.
Some of the disadvantages of a socialist economy include less competition,
reduced incentive to work and reduced prosperity. Socialism is a system that ...
Socialist Economy: Meaning and Features of Socialist Economy. Article Shared
by. “Socialism refers to the government ownership of the means of production, ...
socialist economy. Also found in: Thesaurus, Wikipedia. Related to socialist
economy: communist economy. ThesaurusAntonymsRelated ...
THE ROLE OF PLANNING IN SOCIALIST ECONOMY. By Oskar Lange1.
Economic planning, or more precisely, the planning of econo? mic development
is an ...