English Explanatory Dictionary

command economy

English dictionary entry

Meanings

noun
  1. A planned economy in which the government (or some other central authority) is solely responsible for resource allocation, distribution and the setting of prices, with little to no market influence.
  2. A planned economy.

Word forms

command economy command economies

Etymology

Calque of German Befehlswirtschaft (“command economy”).

Synonyms

centrally planned economy directive planned economy
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