📚 noun • entry_id 54310
command economy
Meanings (ES + gloss)
economía comandada
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.
Following some National Socialist economists, we may distinguish three types of economies existing within Germany: a competitive economy, a monopolistic economy, and a command econ…
Some scholars continue to blame the USSR's command economy for its 1991 collapse.
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