market socialism

(noun) “[A] subtype of socialism that adopts certain traits of capitalism, like allowing limited private ownership or consulting market demand” (OpenStax College 2012).

Audio Pronunciation: (mar·ket so·cial·ism)

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References

OpenStax College. 2012. Economic Systems. Connexions, July 16, 2012. (http://cnx.org/content/m42922/1.4/).

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