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market socialism

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

Pronunciation Usage Guide

Syllabification: mar·ket so·cial·ism

Audio Pronunciation

– American English
– British English

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

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 October 25, 2020 (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 October 25, 2020. https://sociologydictionary.org/market-socialism/.

MLA – Modern Language Association (7th edition)

“market socialism.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 25 Oct. 2020. <https://sociologydictionary.org/market-socialism/>.