economicide noun2 •The destruction of an economic system by replacing it with a market economy.Wester privatization and collectivization both lead to economicide, or the destruction of the economic basis of reciprocity. — 1990 •Genocide that results from destroying a people's economic basis.Thus it was possible to commit genocide by means of economicide and this, in turn, was the direct result of state planning. — 1988 formseconomicides