English version

command economy

From Longman Business Dictionarycommand economycomˈmand eˌconomy (also controlled economy) [countable]ECONOMICS an economy in which the government of a country owns most of the industry and makes all economic decisionsRussia began a program to switch from a centrally planned, command economy to a free market within 500 days. compare market economy economy
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.