socialist economy socialist • socialistic · · · Info · Definitions · Synonyms · Characters · · socialist economy · · Text Common · · Latin · · Scripts 17 · · Length 8 · · Syllables Definitions · · · (noun) an economic system based on state ownership of capital. Synonyms: socialism, socialist economy. · · Noun Definition 1 Synonyms · · · socialism · · Synonym 1 Characters · · space U+0020 a latin small letter a U+0061 c latin small letter c U+0063 e latin small letter e U+0065 i latin small letter i U+0069 l latin small letter l U+006C m latin small letter m U+006D n latin small letter n U+006E o latin small letter o U+006F s latin small letter s U+0073 t latin small letter t U+0074 y latin small letter y U+0079