51Թ

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command economy

[ kuh-mand i-kon-uh-mee ]

noun

  1. a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned.


command economy

noun

  1. an economy in which business activities and the allocation of resources are determined by government order rather than market forces Also calledplanned economy
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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51Թ History and Origins

Origin of command economy1

First recorded in 1940–45
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How does command economy compare to similar and commonly confused words? Explore the most common comparisons:

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Example Sentences

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That also suggests that if people found success in private enterprise, then the New Deal was hardly a Stalinist command economy.

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In today’s world, fewer authoritarian states run a command economy.

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"He thought it could be reformed, he thought removing some of the essential elements of the Soviet system such as the fear, the repression, the command economy and so forth would still preserve the system. But they turned out to be the actual essential elements of the Soviet system - having removed them, the system unravelled as well."

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There, the command economy of a sprawling Communist state heaved itself into military competitiveness with the United States.

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Much of that dates to the Soviet era, transporting gas from vast energy fields in Russia westward, when Moscow sought badly needed funds for its faltering command economy and Western suppliers to help build its pipelines.

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