1. socialist

noun. ['ˈsoʊʃəlɪst'] a political advocate of socialism.

Rhymes with Socialist Economy

• gastronomy
• astronomy
• ideonomy
• autonomy

2. socialist

adjective. ['ˈsoʊʃəlɪst'] advocating or following the socialist principles.

3. economy

noun. ['ɪˈkɑːnəmi, iːˈkɑːnəmi'] the system of production and distribution and consumption.

4. economy

noun. ['ɪˈkɑːnəmi, iːˈkɑːnəmi'] frugality in the expenditure of money or resources.

5. economy

noun. ['ɪˈkɑːnəmi, iːˈkɑːnəmi'] an act of economizing; reduction in cost.

6. economy

noun. ['ɪˈkɑːnəmi, iːˈkɑːnəmi'] the efficient use of resources.

Sentences with socialist-economy

1. Noun Phrase
In a socialist economy, the state owns and controls the common property and the resources that drive the economy.