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

command economy

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