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planned economy

Noun CEFR B2

Definitions

An economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.

Equivalents

7 more languages

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

planned language planned obsolescence plannedness plannee Planner Planners

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