Economy and State socialism

Economy noun - Careful management of material resources.

State socialism and economy are semantically related. In some cases you can replace phrase "State socialism" with "Economy", this terms are similar.

Nearby Words: economical, economic, economize, economizing, economise

State socialism noun - An economic system in which the government owns most means of production but some degree of private capitalism is allowed.

Economy and state socialism are semantically related. You can use "Economy" instead a noun phrase "State socialism".