Definition of command economy in English:

command economy

Line breaks: com|mand econ|omy

noun

  • another term for planned economy.
    More example sentences
    • This chapter emphasizes the adjustments made to the economic system during the postwar recovery in response to the Occupation and a return to capitalism from a command economy.
    • Third, the collapse of the command economy created private profit opportunities in the form of enormous rents that lured enterprise away from value-adding activity.
    • Under the Nazis, Germany became a command economy with the government placing strict controls on foreign trade, prices, wages, and banking.

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Word of the day maelstrom
Pronunciation: ˈmeɪlstrəm
noun
a powerful whirlpool in the sea

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