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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With C
  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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