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 ?
He announced there would be a different minimum wage for every sector, dependent on the sector's robustness, rather than a universal one, to make this command economy measure seem a bit less irrational.
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the Government of Ukraine develop modern legislation and market-oriented policies to replace Soviet-style laws and outdated command economy regulations.
While many Cubans criticize Castro for having restricted personal freedoms and imposed a Soviet-style command economy, others revere him for having freed Cuba from U.
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.
The Weimar Republic government printed paper money in big amounts and as a result inflation rates in Germany catapulted, ultimately leading to the collapse of the German economy and hyper inflation which paved the way for the Nazi Government to take over and enforce a command economy.
Some of Cuba's best-known economists are openly questioning the very core of the Soviet-style command economy and saying market reforms under way are too modest to boost weak growth, reports The Oman Observer (Oct.
He recently announced plans to replace the Planning Commission, a lingering vestige of India's early attempt to mimic the Soviet command economy, with a modern institution to reflect a shift to a market-based economy where the states were the main drivers of growth rather than a central body.
According to officials in the know, Modi never had much of a regard for the commission and considered it a relic of the command economy that India tried to emulate from the then Soviet era.
There were efforts to initiate a set of policy changes aimed at stabilizing the economic and promoting structural adjustments programmes so as to enhance the tempo of long-term growth and remove the ills of the command economy through policy reforms.
However, in this case, people were complaining a few months ago that prices of hotel rooms, for example, has become very high," the ambassador said, adding,"We are a mixed economy, as we do not want a command economy, for instance as was in the Soviet Union.

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