/ Thesaurus / S Synonyms of socialist economy Find synonyms for: Noun1. socialism, socialist economy, managed economyusage: an economic system based on state ownership of capitalWordNet 3.0 Copyright © 2006 by Princeton University. All rights reserved. Related Content Daily Word Quiz: denizen Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language