Definition, Meaning & Synonyms
etatism
Noun
/ˈeɪ.tə.ɪ.zəm/
Definition
The belief in or practice of governmental control of economic and social policy.
Examples
- The rise of etatism in the region led to increased government intervention in various industries.
- Many economists debate the pros and cons of etatism compared to free market policies.
- During the economic crisis, etatism became a popular solution to stabilize the market.
Meaning
Etatism refers to a political system where the state has significant control over the economy, often emphasizing the role of the government in managing resources and making decisions to ensure public welfare.
Synonyms
- Statism
- Government intervention
- Public ownership
