Meaning of “planned economy” in the English Dictionary

business-english dictionary

(Definition of “planned economy” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"planned economy" in Business English

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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)