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state capitalism

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state capitalism

–noun
a form of capitalism in which the central government controls most of the capital, industry, natural resources, etc.

Origin:
1925–30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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state capitalism

noun
an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production 
WordNet® 3.0, © 2006 by Princeton University.
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