An economywhere supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed. The former Soviet Union was an example of a command economy. Also called a centrally planned economy.
Related information about command economy:
- Planned economy - Wikipedia, the free encyclopedia
The most extensive form of a planned economy is referred to as a command economy, centrally planned economy, or command and control economy. In such ...
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Definition of command economy: An economywhere supply and price are regulated by the government rather than market forces. Government planners decide ...
- Command Economy Definition | Investopedia
A system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which ...
- Command Economy
A command economy is one in which the coordination of economic activity, so ... Economic agents in a command economy, and in particular production ...
- command economy - The Free Dictionary
An economy that is planned and controlled by a central administration, as in the former Soviet Union. command economy. n. (Economics) an economy in which ...
- command economy -- Britannica Online Encyclopedia
Economic system in which the means of production are publicly owned and economic activity is controlled by a central authority that assigns quantitative ...
- Command Economy Definition - What is Command Economy?
What is Command Economy? Find out right now with a helpful definition and links related to Command Economy.
- Command economy - Merriam-Webster Online
an economic system in which activity is controlled by a central authority and the means of production are publicly owned ...