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command economy
[/kəˈmɑːnd ɪˈkɒnəmi/]
noun
pl: command economies
economia dirigida
1.
An economic system in which the central government makes all decisions about the production and distribution of goods and services
The Soviet Union operated as a command economy where the state controlled most industries.
A União Soviética funcionava como uma economia dirigida onde o estado controlava a maioria das indústrias.
2.
An economy based on central planning rather than market forces or supply and demand
In a command economy, prices and production levels are determined by government planners.
Em uma economia dirigida, os preços e níveis de produção são determinados pelos planejadores do governo.
Synonyms
planned economy
centrally planned economy
socialist economy
Antonyms
market economy
free market economy
capitalist economy
Regional Variations
General Brazilian
economia dirigida
Standard term used in economics education and discourse
São Paulo
economia controlada
Alternative term sometimes used in business contexts
Portugal
economia planeada
Preferred term in Portuguese Portugal
Related Idioms & Phrases
top-down economy
state-controlled economy
planned economy model
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