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command economy
🏛️
command economy
noun
kəˈmɑːnd ɪˈkɒn.ə.mi
command
commandeer
Meaning
An economic system where economic activities are controlled by the government.
Example Sentences
In a
command economy
, the government controls production and prices.
Synonyms
Planned Economy, State-controlled Economy, Centralized Economy
Antonyms
Free Market Economy, Capitalism, Deregulated Economy
Related Articles
Learn Vocabulary Through Article 155 - Market vs. Command Economies Explained
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