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Command economy
noun
Definitions
Noun
- 1 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."
- 2 A planned economy. broadly
Etymology
Calque of German Befehlswirtschaft (“command economy”).
See also for "command economy"
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