Share this entry

Share this page

command economy

Line breaks: com|mand econ|omy

Definition of command economy in English:


Another term for planned economy.
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.

Definition of command economy in:

Share this entry

Share this page


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day coxcomb
Pronunciation: ˈkɒkskəʊm
a vain and conceited man; a dandy