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)