planned economy
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Noun
planned economy (plural planned economies)
- (economics, politics) An economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.
- Synonym: command economy
- Coordinate terms: market economy, mixed economy
Translations
Translations
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References
- “planned economy”, in OneLook Dictionary Search.
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