What does Command Economy mean?
An economic system where the government largely determines what is produced and how the economy grows.
In a Command Economy, the central government makes all key economic decisions.
Command Economy in German, French, Spanish and Italian
GermanPlanwirtschaft
also Kommandowirtschaft
Wirtschaftsordnung mit staatlicher Kontrolle über Produktion und Preise.
FrenchÉconomie planifiée
also Économie dirigée
Économie dont les grandes orientations sont fixées par l'État.
SpanishEconomía planificada
also Economía dirigida
Sistema donde el gobierno controla la producción y precios.
ItalianEconomia pianificata
also Economia dirigista
Sistema economico basato sulla pianificazione statale.
Common phrases with Command Economy
- government determines command economy
- central government command economy
- decision-making command economy
Synonyms and opposites for Command Economy
- Synonym Planned economy
- Opposite Market Economy