„Command Economy“
What does Command Economy stand for?
An economic system where the decisions about allocation of resources, production, distribution and consumption are made by a central government authority instead of being determined by market forces. An example was the Nazi economy.
Source:
Economic Theories and ConceptsView all itemsGregory, P. R., & Stuart, R. C. (2004). Comparing Economic Systems in the Twenty-First Century. Houghton Mifflin Company.