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command economy

noun

a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned.

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You may have read the word "simmer" in a recipe or two, but what does it really mean?
To cook in water that begins cold and then reaches a boil.
To stew in a sauce for a long time.
To cook in water, just below boiling temperature.
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Compare market economy.

Origin of command economy

First recorded in 1940–45

Words nearby command economy

Commager, command, commandant, command car, command-driven, command economy, commandeer, commander, commander in chief, commandery, command guidance
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for command economy

command economy

noun

an economy in which business activities and the allocation of resources are determined by government order rather than market forcesAlso called: planned economy
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