command economy
command economy · command economies
Befehlswirtschaft
A planned economy in which the government is solely responsible for resource…A planned economy in which the government (or some other central authority) is solely responsible for resource allocation, distribution and the setting of prices, with little to no market influence.
Meaning
2 sensesA planned economy in which the government (or some other central authority) is solely responsible for resource allocation, distribution and the setting of prices, with little to no market influence.
Some scholars continue to blame the USSR's command economy for its 1991 collapse.
Befehlswirtschaft
(broadly)A planned economy.
Translations
2 languagesDeutsch
By meaning 1
economy directly controlled by the government:
Origin
Calque of German Befehlswirtschaft (“command economy”).Calque of German Befehlswirtschaft (“command economy”).
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Forms
plural: command economies| Singular | command economy |
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| Plural | command economies |
regular
Synonyms
2 synonymscentrally planned economydirective planned economy