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Socialist country facts for kids

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(Redirected from Socialist state)
Symbolics onthe banknotes of socialist state
Symbolics on the banknotes of socialist states (V.I.Lenin in the Soviet note and "a worker with a female co-operative farmer" on the Czechoslovak one).

A Socialist country is a country where the government or the public as a whole has control over the economy. In a socialist country, the producing and dispersing of goods is owned by the government. Socialism is placed in between capitalism and communism.

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Socialist country Facts for Kids. Kiddle Encyclopedia.