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

Cuba's constitutional reform is expected to encompass a wide range of modernizing changes to the country's 1976 constitution, which was designed for a Soviet-style command economy. NBC News, "Raul Castro's daughter to push for gay marriage in Cuba," 7 May 2018 On the other side of the ledger, Cuba’s Soviet-style command economy still employs three of every four Cuban workers but produces little. Washington Post, "Raul Castro leaves Cuba with new freedoms, deep problems," 16 Apr. 2018 On the other side of the ledger, Cuba's Soviet-style command economy still employs three of every four Cuban workers but produces little. Michael Weissenstein And Andrea Rodriguez, Fox News, "Raul Castro leaves Cuba with new freedoms, deep problems," 16 Apr. 2018 Overall, the restructuring aims to reverse a trend started four decades ago when Beijing started free-market reforms to invigorate the sluggish command economy. Chun Han Wong, WSJ, "China Unveils Overhaul of Government Bureaucracy," 13 Mar. 2018 While this news item may be the most over-the-top beer promotion ever, North Korea is not the only authoritarian regime to incorporate beer brewing into a command economy. Markus Haas, San Antonio Express-News, "North Korea announces state-brewed wheat beer," 8 Feb. 2018 The problem with a command economy is policies tend to create unintended consequences, which inevitably lead to heavy-handed crackdowns. Jacky Wong, WSJ, "China’s Visible Hand Starts to Squeeze," 18 July 2017

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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More from Merriam-Webster on command economy

Britannica.com: Encyclopedia article about command economy

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