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command economy

noun

Etymology

Calque of German Befehlswirtschaft (“command economy”).

  1. derived from Befehlswirtschaft — “command economy”

Definitions

  1. A planned economy in which the government (or some other central authority) is solely…

    A planned economy in which the government (or some other central authority) is solely responsible for resource allocation, distribution and the setting of prices, with little to no market influence.

    • Some scholars continue to blame the USSR's command economy for its 1991 collapse.
    • Following some National Socialist economists, we may distinguish three types of economies existing within Germany: a competitive economy, a monopolistic economy, and a command economy […]

  2. A planned economy.

The neighborhood

Vish — recursive loop

No curated loop yet for command economy. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA