managed economy

n.

1.

A non-market economy in which government intervention is important in allocating goods and resources and determining prices.

Thesaurus

Noun

1.

managed 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