command economy

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command economy

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

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 planned economy

Translations

command economy

n → Kommandowirtschaft f

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economics

planned economy

Libya is a command economy characterized by complete government control, Elhage noted.

The Libyan opportunity: moving forward, slipping backward by Saad, Najwa M. / Washington Report on Middle East Affairs

The methods of this motley group of traders, who allied with family, friends, and acquaintances to evade laws and the secret police, are fascinating evidence of the resilience of private transactions and personal relationships and the limits of the Soviet command economy and the repressive power of the state.

A Social History of Soviet Trade: Trade Policy, Retail Practices, and ... by Hilton, Marjorie L. / Journal of Social History

Clearly the business community is beginning to appreciate the fact that the command economy of the past, which involved top-down decisions, cannot define Japan at this time.

Red sun rising by London, Herbert / The National Interest

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