Command economy Planned economies contrast with command economies in that a planned economy is "an economic system in which the government controls and regulates production, distribution, prices, etc.""Planned economy" . Dictionary.com. Unabridged (v. 1.1). Random House, Inc. Retrieved 11 May 2008). whereas a command economy necessarily has substantial public ownership of industry while also having this type of regulation."Command economy" . Merriam-Webster Online Dictionary. Retrieved 11 May 2008. In command economies, important allocation decisions are made by government authorities and are imposed by law.
coMMand ecOnoMy PLaNNeD ecONomies CoNTRaST wITh ComMAnD EConOMies In thAt a plaNneD econoMy iS "an ECoNomIc SyStEm In which the GovErnMEnt COnTrols and REgulates proDucTiON, disTribUtIon, PRices, eTc.""plaNNed ecONomy" . dictionarY.com. UnabridGeD (V. 1.1). randoM hOuSe, inc. rEtrIeVED 11 May 2008). whereas a coMmaNd ecoNoMY neCessarily haS SuBStantial publiC owneRSHip Of INdustry wHILe alSO HaviNg thiS TyPe of regUlatiOn."commAnd ecoNOmy" . meRRIam-webstEr ONline dicTIonary. rETrievEd 11 mAY 2008. iN COmmand EConomiES, iMpOrTanT allOcatIon decisiOnS Are MadE bY GoveRnmeNt authOrITIEs and ARe ImposeD by LaW.