planned economy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “planned economy” in the English Dictionary

"planned economy" in British English

See all translations

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

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 ​plannedeconomy, ​privatebusinesses could not enjoy ​equaltreatment.
(Definition of planned economy from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of planned economy?
Add Cambridge dictionaries to your browser to your website
Word of the Day

float

a large vehicle with a flat surface that is decorated and used in festivals

Word of the Day

PLEASE DON’T SHOUT!
PLEASE DON’T SHOUT!
by Colin McIntosh,
February 09, 2016
New words are entering the language all the time. A few of these are completely new and original coinages, but the vast majority are based on the existing stock of words in some way, for example by using affixes (prefixes and suffixes). These can have the effect of changing the meaning of the

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More