Definition of Command Economy
(noun) An economic system in which most goods and services are primarily produced, distributed, and exchanged through a central authority such as a government and not subject to the laws of supply and demand.
Example of Command Economy
- North Korea
Command Economy Pronunciation
Syllabification: com·mand e·con·o·my
- American English – /kuh-mAnd i-kAHn-uh-mee/
- British English – /kuh-mAHnd i-kOn-uh-mee/
International Phonetic Alphabet
- American English – /kəˈmænd ɪˈkɑnəmi/
- British English – /kəˈmɑːnd i(ː)ˈkɒnəmi/
- Plural: command economies
- The opposite of a command economy is a market economy and the combination of the two is a mixed economy.
- Also called:
- controlled economy
- planned economy
- Economic Sociology Resources – Books, Journals, and Helpful Links
- Word origin of “command” and “economy” – Online Etymology Dictionary: etymonline.com
- allocation of resources
- clear division of labor
- market economy
- mixed economy
- subsistence economy
Black, John, Nigar Hashimzade, and Gareth Myles. 2010. A Dictionary of Economics. 3rd ed. New York: Oxford University Press.
Bruce, Steve, and Steven Yearley. 2006. The SAGE Dictionary of Sociology. Thousand Oaks, CA: SAGE.
Law, Jonathan, ed. 2010. A Dictionary of Accounting. 4th ed. New York: Oxford University Press.
Macionis, John, and Kenneth Plummer. 2012. Sociology: A Global Introduction. 4th ed. Harlow, England: Pearson Education.
Princeton University. 2010. WordNet. (https://wordnet.princeton.edu/).
Ravelli, Bruce, and Michelle Webber. 2016. Exploring Sociology: A Canadian Perspective. 3rd ed. Toronto: Pearson.
Tischler, Henry L. 2011. Introduction to Sociology. 10th ed. Belmont, CA: Wadsworth.
Turner, Bryan S., ed. 2006. The Cambridge Dictionary of Sociology. Cambridge: Cambridge University Press.
Wikipedia contributors. (N.d.) Wikipedia, The Free Encyclopedia. Wikimedia Foundation. (https://en.wikipedia.org/).
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2014. “command economy.” In Open Education Sociology Dictionary. Retrieved October 19, 2021 (https://sociologydictionary.org/command-economy/).
APA – American Psychological Association (6th edition)
command economy. (2014). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from https://sociologydictionary.org/command-economy/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2014. “command economy.” In Open Education Sociology Dictionary. Accessed October 19, 2021. https://sociologydictionary.org/command-economy/.
MLA – Modern Language Association (7th edition)
“command economy.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2014. Web. 19 Oct. 2021. <https://sociologydictionary.org/command-economy/>.