command economy

[ kuh-mand i-kon-uh-mee ]

noun

1. a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned.

command economy

noun

1. an economy in which business activities and the allocation of resources are determined by government order rather than market forces Also calledplanned economy

Word History and Origins

Origin of command economy¹

First recorded in 1940–45

Example Sentences

That also suggests that if people found success in private enterprise, then the New Deal was hardly a Stalinist command economy.

From Salon

In today’s world, fewer authoritarian states run a command economy.

From Washington Post

"He thought it could be reformed, he thought removing some of the essential elements of the Soviet system such as the fear, the repression, the command economy and so forth would still preserve the system. But they turned out to be the actual essential elements of the Soviet system - having removed them, the system unravelled as well."

From Reuters

There, the command economy of a sprawling Communist state heaved itself into military competitiveness with the United States.

From New York Times

There, the command economy of a sprawling Communist state heaved itself into military competitiveness with the United States.

From New York Times