A system where the government, rather than the free market, determines what goods should be produced, how much should be produced and the price at which the goods will be offered for sale. The command economy is a key feature of any communist society...
A command economy, or a planned economy, is where the big decisions are
made at the centre by the government. In an economic system the main decisions
... how much should be produced and the price at which the goods will be offered
for sale. The command economy is a key feature of any communist society.
Nov 4, 2014 ... Command economy, economic system in which the means of production are
publicly owned and economic activity is controlled by a central ...
a socialist economic system in which production and distribution of goods and
services are controlled by the government and industry is mostly publicly owned.
Definition of command economy: An economy where supply and price are
regulated by the government rather than market forces. Government planners
Aug 31, 2015 ... A command economy consists of an economic system in which the government,
as opposed to private parties, dictates the production and ...
Nov 28, 2012 ... A command or planned economy occurs when the government controls all major
aspects of the economy and economic production.
Definition of command economy: An economy in which market mechanisms are
replaced by a centralized state authority which coordinates all economic activity ...
An economy that is planned and controlled by a central administration, as in the
former Soviet Union. American Heritage® Dictionary of the English Language, ...