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- (Economics) an economy in which business activities and the allocation of resources are determined by government order rather than market forces. Also called: centralized economy or planned economy
www.thefreedictionary.com › centralized+economyCentralized economy - definition of ... - The Free Dictionary
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4 days ago · command economy in British English. noun. an economy in which business activities and the allocation of resources are determined by government order rather than market forces. Also called: centralized economy, planned economy. Collins English Dictionary.
- American
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- Centralized Economy Definição E Significado
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- Command Economy
An economy in which business activities and the allocation...
- Deutsch
Definition von centralized economy aus Collins Englische...
- American
Synonyms for CENTRALIZED: consolidated, concentrated, integrated, united, merged, unified, combined, centered; Antonyms of CENTRALIZED: decentralized, spread (out), separated, segregated, deconcentrated.
71 other terms for centralized economy - words and phrases with similar meaning. Another way to say Centralized Economy?
(Economics) an economy in which business activities and the allocation of resources are determined by government order rather than market forces. Also called: centralized economy or planned economy
- Examples of Command Economies
- Development of The Theory
- Economic Freedoms Around The World
Consider these examples of command economies: 1. Belarus: This former Soviet satellite is still a command economy. The government owns 80% of the country's businesses and 75% of its banks as of 2022. 2. China: After World War II, Mao Tse Tung created a society ruled by Communism. He enforced a strictly planned economy. The current leaders are movin...
Viennese economist Otto Neurath developed the concept of a command economy after World War I. Neurath proposed it as a way to control hyperinflation. The phrase “command economy” comes from the German word "Befehlswirtschaft.” It described the fascist Nazi economy. While the word stems from Nazi Germany, centrally planned economies existed long bef...
Below you can see national rankings by the level of economic freedom, from the freest to the most controlled.
- Kimberly Amadeo
Jan 29, 2020 · A centrally planned economy, also known as a command economy, is an economic system where a government body makes economic decisions regarding the production and distribution of goods.
Mar 4, 2019 · A command economy—or centrally planned economy—is a system in which the government controls all facets of the nation’s economy. All businesses and housing are owned and controlled by the government.
