Meaning of “command economy” in the English Dictionary

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"command economy" in Business English

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command economynoun [ C ]

uk us 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)