communist economy

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Related to communist economy: capitalist economy
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Noun1.communist economy - the managed economy of a communist state
managed economy - a non-market economy in which government intervention is important in allocating goods and resources and determining prices
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Along with Martin Ivanov, he also wrote the "Bulgarian Foreign Debt 1944-1989: The Bankruptcy of the Communist Economy"
The fall of communism and the subsequent market economy were unable to keep the communist economy competitive; during the transition, many people struggled to maintain a roof over their head.
Outfitted with dresses, swimsuits, and sunglasses, the doll represented a sharp contrast to the way of life in the Soviet Union, where the centrally planned Communist economy for many years focused more on agriculture, defense, and housing than it did on consumer goods.
reap their rewards from a system which is in effect, though not in appearance, not much different from the communist economy of the old Soviet Union.
It was a communist economy, so the money was not real, and we would could take a long time in shooting a film, and we could build big sets.
The assets in a communist economy were intended to serve the social mission and were recorded in the balance sheet among other property, plant and equipment (as means of production).