ALL meanings of command economy
com·mand e·con·o·my
C c - countable noun command economy In a command economy, business activities and the use of resources are decided by the government, and not by market forces. 3
- noun command economy an economy in which business activities and the allocation of resources are determined by government order rather than market forces 3
- noun command economy a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned. 1
- noun command economy Alternative term for planned economy. 0