managed economy 1
noundomain: group
Princeton WordNet [ver.3.1]
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EnglishDefinition
a non-market economy in which government intervention is important in allocating goods and resources and determining prices
Hypernym
an economy that is not a market economy
EnglishHyponym
socialism 2
noun
an economic system based on state ownership of capital
mercantilism 1
noun
an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests
the managed economy of a communist state
