Merriam-Webster Logo
SINCE 1828
Menu
dictionary thesaurus

planned economy

noun

Definition of planned economy

: an economic system in which the elements of an economy (as labor, capital, and natural resources) are subject to government control and regulation designed to achieve the objectives of a comprehensive plan of economic development — compare free economy, free enterprise

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Learn More about planned economy

Statistics for planned economy

Look-up Popularity

Comments on planned economy

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

Show Comments  Hide Comments 

WORD OF THE DAY

cogent

Listen to the pronounciation of cogent

appealing forcibly to the mind or reason

Get Word of the Day daily email!

Test Your Vocabulary

Farm Idioms Quiz

  • cow coming home
  • What does 'poke' refer to in the expression 'pig in a poke'?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Add Diction

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!

Words at Play
Ask the Editors
Word Games