Command Economy Definition
noun
An economy that is planned and controlled by a central administration, as in the former Soviet Union.
American Heritage
A highly regulated economy in which decisions regarding the type and quantity of goods produced, the level of prices and wages, etc. are mandated by a central authority.
Webster's New World
Alternative term for planned economy.
Wiktionary
Other Word Forms of Command Economy
Noun
Singular:
command economy
Plural:
command-economies
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