command economy

noun

: 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
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The country’s command economy rallied clean energy companies, helping grow national and international champions in green energy. Grace Shao, Fortune Asia, 10 Oct. 2024 As the security services played whack-a-mole with new activist movements, the economic stress of the 1980s overwhelmed the GDR’s command economy. Samuel Clowes Huneke, The New Republic, 22 Sep. 2023 Deng concluded that China needed more of a market economy than the strictly hierarchical, top-down command economy established by Mao Zedong. Win McCormack, The New Republic, 10 Aug. 2023 After the crisis, Deng sidelined the conservatives, led by Premier Li Peng, who wanted to maintain a command economy. Andrew J. Nathan, Foreign Affairs, 18 Apr. 2023 See all Example Sentences for command economy 

Word History

First Known Use

1942, in the meaning defined above

Time Traveler
The first known use of command economy was in 1942

Dictionary Entries Near command economy

Cite this Entry

“Command economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/command%20economy. Accessed 18 Dec. 2024.

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