COMECON

or Com·e·con

[ kom-i-kon ]
/ ˈkɒm ɪˌkɒn /

noun

an economic association of Communist countries, established in 1949, to facilitate trade and development.
Compare Common Market.

Origin of COMECON

Co(uncil for) M(utual) Econ(omic Assistance)

British Dictionary definitions for comecon

Comecon
/ (ˈkɒmɪˌkɒn) /

noun

(formerly) an association of Soviet-oriented Communist nations, founded in 1949 to coordinate economic development, etc; it was disbanded in 1991 when free-market policies were adopted by its members Also: CMEA

Word Origin for Comecon

C20 Co ( uncil for) M ( utual) Econ ( omic Assistance)