command economy

American  

[kuh-mand i-kon-uh-mee] / kəˈmænd ɪˌkɒn ə mi /

noun

1. 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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command economy British  

noun

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

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Etymology

Origin of command economy

First recorded in 1940–45

Compare meaning

How does command-economy compare to similar and commonly confused words? Explore the most common comparisons:

• market economy vs. command economy

Example Sentences

See Examples For:

command economy

Fewer than four decades ago Estonia, Latvia and Lithuania regained their independence but inherited inefficient factories from the Soviet Union's command economy.

From Barron's ● Aug. 2, 2026

"That's not to say that the market has no role, it's not to say we go straight over to a kind of command economy," he said.

From BBC ● Apr. 3, 2022

In the mid-1960s, Tito dumped the command economy and introduced a market Socialism that birthed affordable household designs, such as the Minirama television, whose rounded edges were clad in orange plastic.

From New York Times ● Jul. 19, 2018

In 1928 Stalin’s plans called for a command economy, a system in which the government made all economic decisions.

From Textbooks ● Jan. 1, 2012

In contrast, eastern Germany's obsolete command economy, once dominated by smokestack heavy industries, has been undergoing a wrenching change to a market economy.

From The 1991 CIA World Factbook by United States. Central Intelligence Agency