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
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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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