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planned economy

Syllabification: planned e·con·o·my

Definition of planned economy in English:

noun

Another term for command economy.
Example sentences
  • 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:

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