guó​yǒu​jīng​jì

state-owned economy

Senses

国有经济/ 國有經濟 guó​yǒu​jīng​jì state-owned economy

A type of economy where the means of production are owned by the state; in a socialist context, it refers to an economy owned by the whole people and plays a leading role in economic development.

References

No references for this word.