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State socialism
/stˈeɪt sˈəʊʃəlˌɪzəm/
/stˈeɪt sˈoʊʃəlˌɪzəm/
State socialism
01
an economic system in which the government owns most means of production but some degree of private capitalism is allowed
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an economic system in which the government owns most means of production but some degree of private capitalism is allowed