統とう制せい経けい済ざい

noun

controlled economy

An economic system where the government or a central authority directs production, distribution, and prices, rather than relying on free-market forces.

• 戦せん時じ中ちゅうは統とう制せい経けい済ざいが敷しかれていた。

  During the war, a controlled economy was in place.

• 統とう制せい経けい済ざいの下もとでは、価か格かくは市し場じょうではなく政せい府ふによって決きめられる。

  Under a controlled economy, prices are set by the government, not by the market.