planned economy

listen to the pronunciation of planned economy
Englisch - Türkisch
planlı ekonomi
Englisch - Englisch
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
concentrated economy in which a country controls the means of production and marketing and is involved in planning economic activity (as opposed to a free economy system)
planned economy
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