Table of Contents
Definition of Market Socialism
(noun) An economic system that merges some traits of capitalism into socialism, such as limited private ownership or consulting market demand.
Market Socialism Pronunciation
Syllabification: mar·ket so·cial·ism
Audio Pronunciation
Phonetic Spelling
- American English – /mAHR-kuht sOH-shuh-liz-uhm/
- British English – /mAHk-it sOH-shuh-li-zuhm/
International Phonetic Alphabet
- American English – /ˈmɑrkət ˈsoʊʃəˌlɪzəm/
- British English – /ˈmɑːkɪt ˈsəʊʃəlɪzm/
Usage Note
- Plural: market socialisms
Additional Information
- Economic Sociology Resources – Books, Journals, and Helpful Links
- Word origin of “market” and “socialism” – Online Etymology Dictionary: etymonline.com
Related Terms
Works Consulted
Griffiths, Heather, Nathan Keirns, Eric Strayer, Susan Cody-Rydzewski, Gail Scaramuzzo, Tommy Sadler, Sally Vyain, Jeff Bry, Faye Jones. 2016. Introduction to Sociology 2e. Houston, TX: OpenStax.
Cite the Definition of Market Socialism
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2013. “market socialism.” In Open Education Sociology Dictionary. Retrieved March 28, 2024 (https://sociologydictionary.org/market-socialism/).
APA – American Psychological Association (6th edition)
market socialism. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/market-socialism/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2013. “market socialism.” In Open Education Sociology Dictionary. Accessed March 28, 2024. https://sociologydictionary.org/market-socialism/.
MLA – Modern Language Association (7th edition)
“market socialism.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 28 Mar. 2024. <https://sociologydictionary.org/market-socialism/>.