Meaning | A non-market economy in which government intervention is important in allocating goods and resources and determining prices. |
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Narrower | communist economy | The managed economy of a communist state |
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mercantilism, mercantile system | An economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests |
socialism, socialist economy | An economic system based on state ownership of capital |
Broader | non-market economy | An economy that is not a market economy |
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Spanish | economía controlada, economía dirigida, economía intervenida |
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