NOUN | group | managed economy | a non-market economy in which government intervention is important in allocating goods and resources and determining prices |
---|
Meaning | A non-market economy in which government intervention is important in allocating goods and resources and determining prices. | |
---|---|---|
Narrower | communist economy | The managed economy of a communist state |
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 |
Spanish | economía controlada, economía dirigida, economía intervenida |
©2001-24 · HyperDic hyper-dictionary · Contact