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 The new regulations suggest that Chinese leadership in some ways wishes to turn back the clock to a simpler and purer Socialist era, perhaps a more self-reliant one that is more driven by command economy concerns and is less capitalistic. Patrick Frater, Variety, 3 Sep. 2021 In economic terms, modern agricultural methods represent a Soviet-style command economy versus the free market economy of natural ecosystems. Erik Kobayashi-solomon, Forbes, 9 Apr. 2021 The advantages of free markets and the faults of a command economy are clear in hindsight. Erik Kobayashi-solomon, Forbes, 9 Apr. 2021 The command economy does not work long-term and will not work for agriculture (or us) long-term either. Erik Kobayashi-solomon, Forbes, 9 Apr. 2021 Five-year plans are a legacy of China's command economy during the Mao era. Nectar Gan, CNN, 25 Dec. 2020 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, 16 Apr. 2020 Without the centralized command economy, many social and health services could no longer run. The New Yorker, 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, 5 Nov. 2019

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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Dictionary Entries Near command economy

command car

command economy

commandeer

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Statistics for command economy

Last Updated

15 Sep 2021

Cite this Entry

“Command economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/command%20economy. Accessed 26 Oct. 2021.

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More from Merriam-Webster on command economy

Britannica.com: Encyclopedia article about command economy

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