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統制経済 (touseikeizai) Japanese meaning | Kotomora
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During the war, a controlled economy was in place.
Under a controlled economy, prices are set by the government, not by the market.
Kanji 統 overall, relationship, ruling 経 sutra, longitude, pass thru 済 settle (debt, etc.), relieve (burden), finish Related words 計けい 画かく 経けい 済ざい 計画経済 (planned economy) is a broader term for an economy where production and investment are planned in advance, often associated with socialist systems. 統制経済 emphasizes direct government control and regulation, often in wartime or crisis contexts.
市し 場じょう 経けい 済ざい 市場経済 (market economy) is the opposite: an economy where prices and production are determined by supply and demand with minimal government intervention.
Etymology Compound of 統制 (control, regulation) and 経済 (economy). The term became common in the early 20th century, especially in the context of wartime economic policies.