Assertion: command economy | /r/Synonym | planned economy
Facets:
Source sentences:
text: Also known as a planned economy, command economies have as their central tenet that government central planners own or control the means of production within a society.
text: In a command economy (also known as a planned economy), government central planners determine what goods and services will be produced, the amount of goods and services produced, and at what cost to the consumer.