Definition of command economy in English:

command economy

noun

  • another term for planned economy
    • ‘Third, the collapse of the command economy created private profit opportunities in the form of enormous rents that lured enterprise away from value-adding activity.’
    • ‘This mission, which entailed nothing less than a transformation from socialist command economy to market-based capitalism, left the organization with an extremely checkered record.’
    • ‘You have to remember, of course, Larry, that the people in this country have spent decades under a repressive political regime, and also under a command economy, where they were told what they must do.’
    • ‘In a way, it is just an excuse to apply this control, to apply this movement towards a command economy.’
    • ‘During the 1980s however a strong body of opinion was growing in the communist world that because the institutions of the command economy were so interlinked, nothing would work except the simultaneous abolition of all of them.’
    • ‘Fascism is thus a command economy where massive centralized government is developed to regulate its citizens' lives.’
    • ‘The most extreme case Stiglitz discusses was the collapse of the Russian economy, as Russia attempted to move from a command economy to a market economy in a timescale measured in days rather than years.’
    • ‘This chapter emphasizes the adjustments made to the economic system during the postwar recovery in response to the Occupation and a return to capitalism from a command economy.’
    • ‘It is still a communist country with a socialist command economy.’
    • ‘The growth of output is based upon rates of accumulation even greater than during the heyday of the command economy.’
    • ‘This type of economy is usually a regulated command economy.’
    • ‘The model of the command economy has been thoroughly discredited because bureaucrats have been even worse at allocating resources than business managers.’
    • ‘Communism was a formidable foe, administered by a one-party authoritarian state apparatus, and lodged in institutions and practices of its centralized command economy.’
    • ‘It is a recipe for a command economy, and a recipe to drive up the price of energy in this country and diminish our competitive advantage against other trading nations - our competitors out there are in the global marketplace.’
    • ‘Marketing and purchasing in a competitive economy, as in the United States, offers different strategies than a command economy.’
    • ‘The move is seen as mostly symbolic, codifying the economic reforms that transformed the country from command economy to entrepreneurial powerhouse over the past two decades.’
    • ‘Under the Nazis, Germany became a command economy with the government placing strict controls on foreign trade, prices, wages, and banking.’
    • ‘First, Soviet industry and workforce proved remarkable adaptable for a command economy long regarded as inherently inefficient and inflexible.’
    • ‘Under the old command economy there were shortages because people had money but there was little to buy.’
    • ‘It is a mistake for a command economy (which we have in science, with nearly all training and research paid for by the government) to train more than the job market requires.’

Pronunciation

command economy