command economy Meaning in Cambridge Business English Dictionary
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Meaning of "command economy" - Business English Dictionary

command economy

noun [C]
 
 
( also controlled economy) ECONOMICS
an economic system in which the government controls the type, supply, and price of the goods that are produced: There is massive support for a shift from the command economy to a more market-based system.
(Definition of command economy from the Cambridge Business English Dictionary © Cambridge University Press)
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