Concept information
Preferred term
market socialism
Definition
- MARKET SOCIALISM DESCRIBES a range of models of political economy that combine aspects of free markets with elements of socialism. The necessary philosophical and political basis of market socialism is the belief that neither capitalism nor socialism is adequate or viable. [Source: Encyclopedia of Politics: The Left and the Right: Volume 1: The Left and Volume 2: The Right; Market Socialism]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/market_socialism
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