| / English Dictionary |
MANAGED ECONOMY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A non-market economy in which government intervention is important in allocating goods and resources and determining prices
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("managed economy" is a kind of...):
non-market economy (an economy that is not a market economy)
Hyponyms (each of the following is a kind of "managed economy"):
socialism; socialist economy (an economic system based on state ownership of capital)
mercantile system; mercantilism (an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests)
communist economy (the managed economy of a communist state)
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