planned economy Meaning in the Cambridge English Dictionary
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Meaning of “planned economy” in the English Dictionary

"planned economy" in British English

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planned economynoun [C]

uk   us   specialized
an ​economicsystem in which ​industry is ​controlled by the ​government and the ​government makes all ​decisions about what to do with the ​money made
(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 ​plannedeconomy, ​privatebusinesses could not enjoy ​equaltreatment.
(Definition of planned economy from the Cambridge Business English Dictionary © Cambridge University Press)
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