command economy

noun
Updated on: 20 May 2018

Definition of command economy

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

Recent Examples of command economy from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'command economy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of command economy

1942

in the meaning defined above

See Words from the same year
NEW! Time Traveler

Learn More about command economy


Seen and Heard

What made you want to look up command economy? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

to seize or ascribe

Get Word of the Day daily email!

Test Your Vocabulary

May 2018 Words of the Day Quiz

  • spring-flowers
  • Which is a synonym of raillery?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!