COMMUNIST ECONOMY
(noun)Definitions
There is 1 meaning of the phrase
Communist Economy.
Communist Economy - as a noun
The managed economy of a communist state
Example Sentences
"The country has a communist economy, with all industries being owned and controlled by the state."
"In a communist economy, private property is abolished, and resources are distributed based on need."
"The communist economy aims to achieve economic equality among all citizens."
"Under the communist economy, the government determines production levels and sets prices."
"In a communist economy, there is no competition among businesses as everything is owned by the state."
