command economy

noun

: an economic system in which activity is controlled by a central authority and the means of production are publicly owned

Examples of command economy in a Sentence

Recent Examples on the Web

Cuba, with a Soviet-style command economy, has been unwilling to loosen restrictions on the private sector and open its economy to foreign investment, as many allies like Vietnam and China have urged it to do. —Orlando Matos, NBC news, 6 Jan. 2026

Students of economic history are familiar with President Theodore Roosevelt's messianic trust-busting and the command economy of President Franklin D. Roosevelt's New Deal. —Senior Fellow, MSNBC Newsweek, 2 Sep. 2025

Chinese leader Deng Xiaoping and his allies made reforms and gradually steered China away from a command economy and Maoist dogma and opened it up to foreign investments and technology. —Tim Bajarin, Forbes.com, 5 June 2025

The country’s command economy rallied clean energy companies, helping grow national and international champions in green energy. —Grace Shao, Fortune Asia, 10 Oct. 2024

Word History

First Known Use

1942, in the meaning defined above

Rhymes for command economy

• aeronomy
• agronomy
• astronomy
• autonomy
• gastronomy
• metonymy
• taxonomy
• deuteronomy