WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from the Web

Command Economy

Definition

A command economy is an economic system where the government has full control over the production, distribution, and pricing of goods and services. In this system, economic decisions are made centrally by a governing authority rather than being determined by market forces.

Usage Examples

Noun (General)

Many countries adopted a command economy during the era of communism.

Under a command economy, the government is responsible for setting prices and determining production levels for all industries.

Noun (Specific)

In a command economy, the government appoints officials to manage and control various industries.

Adjective

The command economy policy severely limits individual freedom and market competition.

Command economies often prioritize strategic industries for national development.

Verb (commanding the economy)

The government seeks to command the economy in order to promote equal distribution of wealth.

Related Products

Find related products on Amazon:

• Books on Command Economy
• Documentaries on Command Economy
• History of Command Economy
• Government Control in Command Economy