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command economy

noun

kəˈmɑːnd ɪˈkɒn.ə.mi

Meaning

An economic system where economic activities are controlled by the government.

In a command economy, the government controls production and prices.

Planned Economy, State-controlled Economy, Centralized Economy

Free Market Economy, Capitalism, Deregulated Economy

the fact or condition of being present

The process of organic matter decomposition to form humus in soil.

A person who lingers aimlessly in a place without purpose.

The offense of willfully telling an untruth in a court after taking an oath.

The practice of keeping and accumulating money for future use rather than spending it immediately.

a story, poem, or picture that can be interpreted to reveal a hidden meaning, often moral or politic...