Meaning of “planned economy” in the English Dictionary


"planned economy" in Business English

See all translations

planned economynoun [ C ]

uk us

ECONOMICS a system in which the economy of a country is controlled by the government, rather than by the supply and demand for goods and services:

Under the planned economy, private businesses could not enjoy equal treatment.

(Definition of “planned economy” from the Cambridge Business English Dictionary © Cambridge University Press)

Translations of “planned economy”
Need a translator?

Translator tool

Get a quick, free translation!