command economy

An economy that is planned and controlled by a central administration, as in the former Soviet Union.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

command economy

(Economics) an economy in which business activities and the allocation of resources are determined by government order rather than market forces. Also called: centralized economy or planned economy

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

command′ econ`omy

an economic system that relies primarily on a central authority, as in China and Cuba.

[1980–85]

command economy

An economic system in which resources are allocated by central government rather than by market forces.

Translations

командная экономика

command economy

n → Kommandowirtschaft f

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

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Since its independence in September 1991, the government has largely maintained its Soviet-style command economy with subsidies and tight controls on production, prices, and access to foreign currency.

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This 'command economy' approach was taken by the former Soviet Union, China and Cuba for many years, and, to this date, North Korea.

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Market economy is better than command economy, private ownership better than state, the rule of law with independent judiciaries, etc, etc.

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