中ちゅう央おう計けい画かく

noun

centralized planning; central planning

Refers to an economic system where a central authority makes production and distribution decisions, as opposed to a market economy.

• 中ちゅう央おう計けい画かく経けい済ざいでは、政せい府ふが資し源げんの配はい分ぶんを決けっ定ていする。

  In a centrally planned economy, the government decides the allocation of resources.

• ソ連れんの中ちゅう央おう計けい画かくは非ひ効こう率りつだと言いわれている。

  The Soviet Union's central planning is said to have been inefficient.