an economic system in which the government controls and regulates production, distribution, prices, etc.
- Compare free enterprise.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use planned economy in a sentence
Tech entrepreneurs were seen as heroic disruptors in recent years, railing against an ossified planned economy.How China Is Cracking Down on Its Once Untouchable Tech Titans | Charlie Campbell / Shanghai | May 20, 2021 | Time
Government-to-person payments are exactly what happened in 1950-to-1970s China, during the planned economy.
Instead, he engages a series of questions that nobody is debating: * Should we have a free market or a centrally planned economy?
Deng Xiaoping invented the Four Modernizations, which justified the transformation of the planned economy to a market economy.
This peculiar expenditure of labour by a society producing under capitalism will vanish in a socially planned economy.The Accumulation of Capital | Rosa Luxemburg
The fears of unemployment and poverty in old age were to be eliminated wholesale through a planned economy, a new social order.The Conquest of Fear | Basil King
British Dictionary definitions for planned economy
another name for command 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
Cultural definitions for planned economy
A type of economy in which some central authority makes a wide range of decisions pertaining to production and wages.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.