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Definition 2024
planned_economy
planned economy
English
Noun
planned economy (plural planned economies)
- (economics, politics) An economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.
Synonyms
Antonyms
Translations
economy in which government directly manages
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References
- planned economy at OneLook Dictionary Search