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planned economy

From Wiktionary, the free dictionary

English

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Noun

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planned economy (plural planned economies)

  1. (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

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References

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