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COMMUNIST ECONOMY
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Dictionary entry overview: What does communist economy mean?
• COMMUNIST ECONOMY (noun)
The noun COMMUNIST ECONOMY has 1 sense:
1. the managed economy of a communist state
Familiarity information: COMMUNIST ECONOMY used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
The managed economy of a communist state
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("communist economy" is a kind of...):
managed economy (a non-market economy in which government intervention is important in allocating goods and resources and determining prices)
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"Who does not work, is heavy to the earth." (Albanian proverb)
"Do good to people in order to enslave their hearts." (Arabic proverb)
"Even if a monkey wears a golden ring, it is and remains an ugly thing." (Dutch proverb)