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Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This

Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.

Encyclopædia Britannica, Inc.
planned economy

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American Heritage New Dictionary of Cultural Literacy, Third Edition - Cite This Source - Share This
planned economy

A type of economy in which some central authority makes a wide range of decisions pertaining to production and wages.

Note: The former Soviet Union and other communist nations are examples of planned economies.

[Chapter:] Business and Economics

The American Heritage® New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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