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Meaning of market socialism | Babel Free

Noun CEFR B2

Definitions

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

countable, uncountable

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

market square market stall market supplement market timing market town market urbanism