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planned economy

noun
1.
an economic system in which the government controls and regulates production, distribution, prices, etc.
Compare free enterprise.
Origin
1930-1935
1930-35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for planned economy
  • And of course, in the past the old approach was to go for a planned economy.
  • Once and for all it was proved that a planned economy is stronger than a planless one.
  • In short, they could become part of the planned economy.
  • The one-party state and the planned economy hadn't worked.
  • These were not qualities that the planned economy demanded.
  • The transition from a power-based planned economy to a rule-based market economy has opened the door to endemic corruption.
  • Mandel's argument would suggest that the best response to challenges would be the planned economy.
  • Centrally planned retirement does not work for much the same reasons as a centrally planned economy does not work.
  • But much of the borrowed capital was misspent, and the centrally planned economy was unable to use the new resources effectively.
  • The centrally planned economy has resulted in some legacies in the economy.
British Dictionary definitions for planned economy

planned economy

noun
1.
another name for command economy
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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planned economy in Culture

planned economy definition


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.
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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10
14
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