command economy


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Related to command economy: mixed economy

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: centralized economy or planned economy

command′ econ`omy


n.
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

command economy

nKommandowirtschaft f
References in periodicals archive ?
Like the Soviet command economy model, the Cypriot government not only has a bloated public sector unlike any other but also monopolistic utility companies such as EAC and CyTA under its belt.
He continued: "What we have from McDonnell is a wish to create a command economy, which he has miraculously written the perfect playbook for.
(https://www.reuters.com/article/us-usa-trade-china/u-s-china-rekindle-trade-talks-ahead-of-trump-xi-g20-meeting-idUSKCN1TJ1R7) White House economic adviser Larry Kudlow on Tuesday said Trump will again demand structural changes to China's command economy, which are the same demands China has kept rejecting over the past months.
In that time Kenya in particular has moved from a command economy to a market where brands influence consumer decisions.
It was rooted on the mistaken command economy theory of decreeing to the market and the lenders at what rate they should lend.FINANCIAL RISKSThis may sound a laudable theory but it just does not work in practice.
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.
Beating world-class criminals will be just as daunting as reinventing the New World's oldest command economy. But the U.S.
This 'command economy' approach was taken by the former Soviet Union, China and Cuba for many years, and, to this date, North Korea.
CLC was launched in 2003 as a legacy of previous USAID activities that helped the Government of Ukraine develop modern legislation and market-oriented policies to replace Soviet-style laws and outdated command economy regulations.
Also covered are the Soviet command economy and ChinaAEs brand of socialism.
The right place to start is to accept the limits of the command economy and to enact structural reforms strengthening the private sector and market dynamics.
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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