Dictionary: A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned.
an economy in which business activities and the allocation of resources are determined by government order rather than market forces Also called planned economy


Read Also:

  • Commanded

    [kuh-mand, -mahnd] /kəˈmænd, -ˈmɑnd/ verb (used with object) 1. to direct with specific authority or prerogative; order: The captain commanded his men to attack. 2. to require authoritatively; demand: She commanded silence. 3. to have or exercise authority or control over; be master of; have at one’s bidding or disposal: The Pharaoh commanded 10,000 slaves. […]

  • Commandeer

    [kom-uh n-deer] /ˌkɒm ənˈdɪər/ verb (used with object) 1. to order or force into active military service. 2. to seize (private property) for military or other public use: The police officer commandeered a taxi and took off after the getaway car. 3. to seize arbitrarily. /ˌkɒmənˈdɪə/ verb (transitive) 1. to seize for public or military […]

  • Commander

    [kuh-man-der, -mahn-] /kəˈmæn dər, -ˈmɑn-/ noun 1. a person who . 2. a person who exercises authority; chief officer; leader. 3. the commissioned officer in of a military unit. 4. U.S. Navy. an officer ranking below a captain and above a . 5. a police officer in charge of a precinct or other unit. 6. […]

  • Commanderies

    [kuh-man-duh-ree, -mahn-] /kəˈmæn də ri, -ˈmɑn-/ noun, plural commanderies. 1. the office or rank of a commander. 2. the district of a commander. 3. a district controlled by a commander of certain medieval orders of knights. 4. a local branch or lodge of certain secret or fraternal orders.

Disclaimer: Command-economy definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.