Entry from British & World English dictionary
Definition of managed economy in English:
An economy in which the framework and general policies are regulated by the government.
- From the mid-1840s the idea of a managed economy was foreign.
- Unions became empowered because of their considerable leverage over the likely success of the managed economy.
- The rise of managed economies in the Eastern Bloc was also responsible for increased government interference in the macroeconomy.
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