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Meaning of “state capitalism” in the English Dictionary

"state capitalism" in Business English

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state capitalismnoun [U]

uk   us  
ECONOMICS, GOVERNMENT, FINANCE, POLITICS a ​form of capitalism in which the ​governmentcontrols some ​property, ​resources, ​money, etc.: Credit Lyonnais, France's largest ​bank, is a ​symbol of Gallic ​statecapitalism.
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(Definition of state capitalism from the Cambridge Business English Dictionary © Cambridge University Press)
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