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planned economy
planned e·con·o·my (plural planned e·con·o·mies)


noun 
Definition:
 
government-controlled economy: an economy in which most aspects of economic life, especially production, prices, and incomes, are controlled by the government
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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