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managed economy

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n.1.A non-market economy in which government intervention is important in allocating goods and resources and determining prices.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.managed economy - a non-market economy in which government intervention is important in allocating goods and resources and determining pricesmanaged economy - a non-market economy in which government intervention is important in allocating goods and resources and determining prices
non-market economy - an economy that is not a market economy
socialist economy, socialism - an economic system based on state ownership of capital
mercantile system, mercantilism - an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
communist economy - the managed economy of a communist state


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[ILLUSTRATION OMITTED] Much as Americans buck at any hint of managed economy, we don't want to manage ourselves.
By hewing for decades to the communist faith in a centrally managed economy and society, he failed to understand the forces of economic liberalization that Ayn Rand's acolyte Greenspan endorsed in his book and supported at least rhetorically throughout his career as both economic advisor to presidents and Fed chief.
Researchers at Imperial College London and Michigan State University concluded in a preliminary report that a well run subsidy programme in a sensibly managed economy "has the potential to drive growth forward and out of the poverty trap in which many Malawians and the Malawian economy are currently caught".
 
 
 
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