What is the Definition of Command economy?

What is the Definition of Command economy?

an economic system in which all decisions are made centrally by the national government, usually through the establishment of sequential five-year plans. Their express purpose is to attain fair distribution of resources among all citizens, but they are often plagued by political and economic inefficiency and corruption and many have collapsed.

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Label: Geography
Theme: Dictionary of Geography Terms

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What is the Definition of Command economy in Geographic Terms?

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