planned-economy

planned economy

noun
an economic system in which the government controls and regulates production, distribution, prices, etc.
Compare free enterprise.


Origin:
1930–35

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
planned economy
 
n
another name for command economy

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary

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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