command economy
1command economy — ➔ economy1 * * * command economy UK US noun [C] (also controlled economy) ECONOMICS ► an economic system in which the government controls the type, supply, and price of the goods that are produced: »There is massive support for a shift from the… …
2command economy — noun An economy in which all means of creating wealth and business activities are controlled by government rather than market forces • • • Main Entry: ↑command * * * comˌmand eˈconomy 7 [command economy] noun = ↑ …
3command economy — command economies N COUNT In a command economy, business activities and the use of resources are decided by the government, and not by market forces. ...the Czech Republic s transition from a command economy to a market system. Syn: planned… …
4command economy — UK / US noun [countable] Word forms command economy : singular command economy plural command economies economics an economic system in which the government controls business and the supply of goods in a country • See: market economy …
5Command Economy — A system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist… …
6command economy — Not to be confused with its associated feature the planned economy, the paradigm case is the neo Stalinist, centrally directed, state owned economy of the Soviet Union. A continuum can be elaborated, within which communist economic systems can be …
7command economy — Economic system in which the means of production are publicly owned and economic activity is controlled by a central authority. Central planners determine the assortment of goods to be produced, allocate raw materials, fix quotas for each… …
8command economy — An economy in which the government determines industrial output, the *prices of products and services, and the allocation of economic resources. In a command economy, market forces are subdued or eliminated in favor of national economic planning …
9command economy — command′ econ omy n. an economic system that relies primarily on a central authority, as in China and Cuba • Etymology: 1980–85 …
10command economy — planned economy An economy in which the activities of firms and the allocation of productive resources is determined by government direction rather than market forces …
