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Planned economy
Meaning
Noun
●
In Economics & Politics:
An economic system in which government
directly
manages
supply and demand
for
goods
and services by
controlling
production,
prices
, and
distribution
in accordance with
a
long-term
design and
schedule
of objectives.
Sourced from
Wiktionary
Synonyms
Command Economy
Antonyms
Market Economy
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