Definition of "command economy" []

• An economy that is planned and controlled by a central administration, as in the former Soviet Union. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "In essence, Tito believed Yugoslavia could become a Communist right-side-of-the-J-curve state: a command economy open to foreign investment with decentralized control of government decision-making."
• "But I must say that the ROK's spectacular economic development has been an unmistakable vindication of liberal, market economics over a command economy which has produced shortages and hardships."