An economy in which the framework and general policies are regulated by the government.
Example sentencesExamples
- The managed economy focused on achieving efficiencies as the basis for competitiveness.
- Like most managed economies, they do not want to admit that inflation can happen, so they ignore it and end up reacting to it late.
- Unions became empowered because of their considerable leverage over the likely success of the managed economy.
- From the mid-1840s the idea of a managed economy was foreign.
- Under a managed economy there will always the small wealthy minority and the exploited masses.
- The rise of managed economies in the Eastern Bloc was also responsible for increased government interference in the macroeconomy.
- But will big business seek a return to managed economies if world markets crash?
- Thus, the welfare state and the managed economy create the conditions that destroy people!
- Shoehorning business into ‘sustainability’ changes the model from capitalism to a managed economy.