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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
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  5. Command Economy

Command Economy

Definition of 'Command Economy'

A government planning office decides what will be produced, how it will be produced, and for whom it will be produced. Detailed instructions are then issued to households, firms and workers.

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Related Terms

New York Stock ExchangeAggregate SupplyBarter EconomyBlack EconomyGross Domestic ProductGross National ProductMacroeconomicsPump PrimingTreasuryAccommodatory Monetary PolicyAggregate Demand ScheduleAggregate Price LevelAutomatic StabilisersAutomatic StabilizersBuilt-In StabilisersBuilt-In StabilizersCapital DeepeningCapital WideningCyclical IndustriesDefensive Industries

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