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planned economy

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Jr Deputy Accountant
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planned economy

 
–noun
an economic system in which the government controls and regulates production, distribution, prices, etc.
Use planned economy in a Sentence

Origin:
1930–35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2010.
Cite This Source Link To planned economy
Jr Deputy Accountant
It's not accounting, we swear What's wrong with the economy?
www.jrdeputyaccountant.com
Mileage Planner
Get Road Maps & Route Planner Now With Free Maps Toolbar!
Maps.Inbox.com
Cultural Dictionary

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.
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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