Definition of command economy in English:
Another term for planned economy.
- 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:
- US English dictionary
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