Definition of planned economy in English:
Another term for command economy.
- After all, at the turn of the millennium Eastern Europe was still in the middle of a painful process of economic restructuring from a centrally planned economy to a capitalist one.
- Transition of both national economies from planned economies to the free market system created brand new conditions and brought substantial changes in export and import destinations.
- As already mentioned, centrally planned economies put relatively large emphasis on industrial production at the expense of the service sector.
Definition of planned economy in:
- British & World English dictionary