1. An economic system in which the government owns or controls the means of production and makes decisions about production, distribution, and pricing of goods and services
The former Soviet Union operated a state-controlled economy for most of the 20th century.
A antiga União Soviética operava uma economia controlada pelo Estado durante a maior parte do século XX.
2. An economy where state intervention and central planning are dominant features rather than free market mechanisms
China has gradually transitioned from a purely state-controlled economy to a mixed economy with market elements.
A China gradualmente transitou de uma economia totalmente controlada pelo Estado para uma economia mista com elementos de mercado.