command economy

command economy definition - business

command economy

An economy in which a central authority controls supply and prices. Government rather than market forces drive a command economy. Also called controlled economy, managed economy, planned economy.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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