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Definition of planned economy noun from the Oxford Advanced Learner's Dictionary

planned economy

noun
 
/ˌplænd ɪˈkɒnəmi/
 
/ˌplænd ɪˈkɑːnəmi/
(also command economy)
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  1. an economy in which production, prices and incomes are decided and fixed by the central government
See planned economy in the Oxford Advanced American DictionarySee planned economy in the Oxford Learner's Dictionary of Academic English
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noun
 
 
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