Definition of command economy noun from the Oxford Advanced Learner's Dictionary

command economy

noun

/kəˌmɑːnd ɪˈkɒnəmi/

/kəˌmænd ɪˈkɑːnəmi/

(also planned economy)

an economy in which production, prices and incomes are decided and fixed by the central government

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See command economy in the Oxford Advanced American DictionarySee command economy in the Oxford Learner's Dictionary of Academic English

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verb

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