State capitalism

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    The form of capitalism where for-profit commercial activities are undertaken by the state; either via corporatized government agencies, or via ownership or control of nominally private organizations. countable, uncountable
  2. 2
    an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production wordnet