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command economy in a sentence

In sum, the mixed economy is a middle way between the market and the command political economies. a highly regulated economy in which decisions regarding the type and quantity of goods produced, the level of prices and wages, etc. Command economy definition is - an economic system in which activity is controlled by a central authority and the means of production are publicly owned. Sentencedict.com is a sentence dictionary, on which you can find nice sentences for a large number of words.18. Also called a centrally planned economy. It doesn't rely on the laws of supply and demand that operate in a market economy. For example, most true command economy … The goal of a command economy is for governments - not private enterprises - to manage country economies. However[sentencedict.com], firms and households can be constrained by the state in the 12. 10. Government planners decide which goods and services are produced and how they are distributed. 21 sentence examples: 1. Command economy definition, a socialist economic system in which production and distribution of goods and services are controlled by the government and industry is mostly publicly owned. 2. These programmes were founded on a comprehensive Welfare State system complemented by the demand management of an expanding 15. are mandated by a central authorityWebster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. The Griffiths proposals were based on the further development of a 13.

A courteous and scholarly former finance minister who launched reforms in 1991 that unshackled India's 21.

Either the government or a collective owns the land and the means of production. A command economy is where a central government makes all economic decisions. The former Soviet Union was an example of a command economy. Published by Houghton Mifflin Harcourt Publishing Company. All the same, the 1988 results give Socialist defenders of the 17. 3. command economy: An economy in which market mechanisms are replaced by a centralized state authority which coordinates all economic activity through commands, directives and regulations for the purpose of achieving broader socio-economic and political objectives. Can you use command in a sentence? Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Available under CC-BY-SA license. Production decisions in the mixed economy are primarily demand-oriented, driven by the market mechanism. command economy definition: a highly regulated economy in which decisions regarding the type and quantity of goods produced, the level of prices and wages, etc. All rights reserved.An economy that is planned and controlled by a central administration, as in the former Soviet Union.THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. All rights reserved.English Wiktionary. Does this round of intervention mark a return to socialism, or even the old 20. The situation in relation to sponsorship is, I think, quite good: I like a 16. A command economy government, therefore, can tailor products and services to benefit the common good without regard to profits and losses. It means the country has economy in its hands. command economy: An economy where supply and price are regulated by the government rather than market forces.
But the idea of The privatization programme has been recognized as a major break with the 11. See more. A command economy also ignores the customs that guide a traditional economy. What he actually offered was a vigorous defence of the 14. Both use communist symbolism, but in practice support the Copyright © 2016 sentencedict.com All Rights Reserved Contact:Meaning: n. an economic system that combines private and state enterprises.
Reports are due out later in the day on factory orders and pending home sales that are expected to also provide additional evidence of a 19.

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