What does "market socialism" mean?

An economic system involving the public, cooperative or social ownership of the means of production in the framework of a market economy.

Market socialism

Common synonyms include: economic theory, hybrid economy, market socialist theory, mixed economy, national model, socialist market economy.

noun

noun ·Rare ·Advanced level

Noun

1
An economic system involving the public, cooperative or social ownership of the means of production in the framework of a market economy. countable, uncountable