command economy
noun
a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned.
Compare
market economy.
Origin of command economy
First recorded in 1940–45
Words nearby command economy
comma splice,
commack,
commager,
command,
command car,
command economy,
command guidance,
command language,
command module,
command paper,
command performance
British Dictionary definitions for command economy
command economy
noun
an economy in which business activities and the allocation of resources are determined by government order rather than market forces
Also called: planned economy