command system
command system
Glossary micro and macro economics
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Economics
Definition of command system
command system : economic system in which property is publicly owned (means of production) and government uses central economic planning to direct and coordinate economic activities state-planned economy in which price and quantity are set by government (as in the former USSR).
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of command system
Meaning of command system
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