1. socialism

noun. (ˈsoʊʃəˌlɪzəm) A political theory advocating state ownership of industry.
Synonyms
political orientation ideology Fabianism political theory utopian socialism guild socialism
Antonyms
market economy conservative hawkishness dovishness liberal

2. socialism

noun. (ˈsoʊʃəˌlɪzəm) An economic system based on state ownership of capital.
Synonyms
communism International Naziism socialist economy national socialism Nazism managed economy
Antonyms
capitalism private enterprise market economy laissez-faire economy capitalist economy
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