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 government controls some property, resources, money, etc.:

Credit Lyonnais, France's largest bank, is a symbol of Gallic state capitalism.
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(Definition of “state capitalism” from the Cambridge Business English Dictionary © Cambridge University Press)