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command economy

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

command economy
n
(Economics) an economy in which business activities and the allocation of resources are determined by government order rather than market forces Also called planned economy
Translations
command economy
nKommandowirtschaft f


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Byline: Daily Star Staff Summary: The head of the Damascus Stock Exchange urged the government on Tuesday to boost the nascent bourse by offering shares in public companies and shaking off the legacy of a command economy stretching back four decades.
Estonia, which shifted rapidly from a communist command economy to the free market after independence from the Soviet bloc in 1991, had enjoyed a reputation as a "tiger" in the European Union, which it joined in 2004.
Analysts say the campaign cannot properly address the fundamental problems plaguing the impoverished state's command economy.
 
 
 
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