planned economy


noun
  1. an economic system in which the government controls and regulates production, distribution, prices, etc.

Origin of planned economy

1
First recorded in 1930–35

Words Nearby planned economy

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use planned economy in a sentence

  • The fears of unemployment and poverty in old age were to be eliminated wholesale through a planned economy, a new social order.

British Dictionary definitions for planned economy

planned economy

noun
  1. 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

planned economy

A type of economy in which some central authority makes a wide range of decisions pertaining to production and wages.

Notes for planned economy

The former Soviet Union and other communist nations are examples of planned economies.

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.