: an economic system in which activity is controlled by a central authority and the means of production are publicly owned
Recent Examples on the Web The region was riven with power struggles and violence as the country lurched from a collapsing Soviet command economy to something completely new. —Kostiantyn Khudov, Washington Post, 8 Dec. 2022 For two decades beginning in the 1980s, the Chinese leadership ostensibly shifted the country from an austere command economy to a unique blend of market and state control that is often credited with the country’s ascendance to relative prosperity. —Frank Dikotter, WSJ, 17 Nov. 2022 For decades, underground banking systems served the elite of the Chinese Communist Party, or CCP, especially after the totalitarian regime opened its command economy to global capitalism. —Sebastian Rotella, ProPublica, 11 Oct. 2022 There, the command economy of a sprawling Communist state heaved itself into military competitiveness with the United States. —New York Times, 19 Aug. 2022 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 See More
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'command economy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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