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COMECON

or Com·e·con

[kom-i-kon]
noun
  1. an economic association of Communist countries, established in 1949, to facilitate trade and development.
Compare Common Market.

Origin of COMECON

Co(uncil for) M(utual) Econ(omic Assistance)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for comecon

Comecon

noun
  1. (formerly) an association of Soviet-oriented Communist nations, founded in 1949 to coordinate economic development, etc; it was disbanded in 1991 when free-market policies were adopted by its membersAlso: CMEA

Word Origin for Comecon

C20 Co (uncil for) M (utual) Econ (omic Assistance)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012