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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

a formal agreement or union between groups, countries, or organizations for mutual benefit

The quality of being innocent, simple, and lacking experience or sophistication.

the science of measuring visible light in terms of its perceived brightness to human eyes

the father of one's father or mother

a fruit that is typically round and orange in color

the condition of being too willing to obey or serve others