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managed economy
man·aged e·con·o·my (plural man·aged e·con·o·mies)


noun 
Definition:
 
economy directed by government: an economy in which the government owns large parts of industry and sets prices for goods and services
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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