command economy

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command economy

Economic system in which the means of production are publicly owned and economic activity is controlled by a central authority. Central planners determine the assortment of goods to be produced, allocate raw materials, fix quotas for each enterprise, and set prices. Most communist countries have had command economies; capitalist countries may also adopt such a system during national emergencies (e.g., wartime) in order to mobilize resources quickly. See also capitalism; communism.

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capitalism
economic planning
Germany
Gosplan

perestroika
Romania
Russia

Libya is a command economy characterized by complete government control, Elhage noted.

The Libyan opportunity: moving forward, slipping backward by Saad, Najwa M. / Washington Report on Middle East Affairs

The methods of this motley group of traders, who allied with family, friends, and acquaintances to evade laws and the secret police, are fascinating evidence of the resilience of private transactions and personal relationships and the limits of the Soviet command economy and the repressive power of the state.

A Social History of Soviet Trade: Trade Policy, Retail Practices, and ... by Hilton, Marjorie L. / Journal of Social History

Clearly the business community is beginning to appreciate the fact that the command economy of the past, which involved top-down decisions, cannot define Japan at this time.

Red sun rising by London, Herbert / The National Interest

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