command economy

noun

Definition of command economy

: 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 But a better system for stocking the shelves, even in theory, would entail something much more like a command economy of the old Soviet stripe. Dan Mclaughlin, National Review, "Want Toilet Paper in an Epidemic?," 16 Apr. 2020 Without the centralized command economy, many social and health services could no longer run. The New Yorker, "The Mail," 6 Apr. 2020 Even at the height of the chiefdoms' power, Raleigh Island was at the very edge of its political reach, so the islanders probably maintained their independence from the pre-Columbian command economy. Kiona N. Smith, Ars Technica, "A drone helped archaeologists discover a lost Florida island settlement," 5 Nov. 2019 That was a relic of the command economy and the PBOC wanted to change it. Washington Post, "Why China’s Getting Ready to Shake Up Interest Rates," 16 Sep. 2019 This is all a replay of what was wrong with the Soviet-style command economies that collapsed in the late 1980s and early 1990s. Leonid Bershidsky, Twin Cities, "Leonid Bershidsky: Berlin’s rent cap is a case of communist amnesia," 13 Sep. 2019 Raul Castro carried on the tradition with a decade of reform that promoted decentralization while retaining control of the command economy. Mac Margolis, chicagotribune.com, "New U.S. sanctions on Cuba have a silver lining," 20 Aug. 2019 Centrally planned command economies failed spectacularly, revealing that communists had no economic solution to the modern riddles of injustice and inequality, and were, furthermore, devastatingly blind to their own environmental depredations. Pankaj Mishra, Twin Cities, "Pankaj Mishra: Putin’s wrong, but so are liberals," 11 July 2019 As part of a legacy left by the Soviet Union’s command economy, the cotton harvest remains a defining feature of life for many Uzbeks. Thomas Grove, WSJ, "Uzbekistan Aims to End Forced Labor in Cotton Fields," 17 Dec. 2018

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.

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First Known Use of command economy

1942, in the meaning defined above

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The first known use of command economy was in 1942

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Cite this Entry

“Command economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/command%20economy. Accessed 29 Oct. 2020.

More from Merriam-Webster on command economy

Britannica.com: Encyclopedia article about command economy

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