Command economy

noun

Word Frequency: 0.3

Definitions

1.nounAn economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.

Synonyms

command economy planned economy command and control economocracy dirigisme collectivism mixed economy public ownership capitalism economism market socialism state ownership

Antonyms

market economy

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