communist economy
1
6.4
- noun
- /ˈkɒmjʊnɪst ɪˈkɒnəmi/
:
economía comunista
- Transitioning from a communist economy to a market-based system requires significant reforms and adjustments.
Examples
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Critics argue that a communist economy limits individual freedom and choice in the marketplace.
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These methods, however, will have to be adapted to the conditions of transition to a post-communist economy.
Academic text (1991) -
Japan, of course, must abandon its communist economy sic.
Academic text (2000) -
Well, I should say the dead heart of the dead Communist economy corps was the Goss Bank, the Communist bank, which essentially was one bank in the Soviet Union.
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During the Cold War, policy analysts seldom differentiated sharply among the various Warsaw Pact countries, assuming that all communist economies functioned more or less the same.
Academic text (2002) -
Difficult bilateral problems include the question of compensation for wartime atrocities, the prospect of German financial aid to help Poland restructure its former communist economy, and the future of the ethnic Germans in Poland.
Academic text (1991) -
The government implemented strict policies to control production and prices in a communist economy.
Synonyms
192
5.0
A system where the state or people own important businesses and services
139
5.0
A system where all property is owned by the community and people get what they need
1
5.1
A system where the state or community owns major businesses and resources instead of private owners
Antonyms
- Specialized
93
3.0
A system where people and businesses buy and sell goods and prices are set by supply and demand
4
4.2
An economic system where private people or companies own businesses and try to make money
How Controlled
1
6.4
- Specialized
1
7.0
- Specialized
2
4.1
- Specialized
93
3.0
Surface Forms
Morphology
The meaning 'an economic system in which the government controls production, distribution, and prices' is directly and transparently derivable from 'communist' (relating to communism/collective ownership) + 'economy' (the system of production and distribution). This is a straightforward noun phrase composition found across many languages, so a B1 learner who knows both constituents will readily understand the MWE.
Etymology
Communist economy comes from the idea that communist means the community or state 'owns' things and economy is how goods are made and shared. Imagine a town where one office decides what factories make, who gets the goods and how much things cost. That's why the phrase means an economy run by the government.