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Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
planned economy
–noun
an economic system in which the government controls and regulates production, distribution, prices, etc.
Compare free enterprise.


[Origin: 1930–35]
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Encyclopædia Britannica, Inc.
planned economy

To learn more about planned economy visit Britannica.com

© 2008 Encyclopædia Britannica, Inc.
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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