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— John Milton

Say, Heavenly Muse, shall not thy sacred vein 15

Afford a present to the Infant God?

Hast thou no verse, no hymn, or solemn strain,

To welcome him to this his new abode,

…

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adjective

Able to be tolerated or allowed; satisfactory or suitable for a particular purpose or situation.

“The teacher said that a score of 70% or higher was acceptable for passing the test.”

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Dictionary Entry

planned economy

Part of Speechnoun

An economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.

Origin

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Common Phrases

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Synonyms

command economy

Antonyms

market economy

Related Words

planned economistplanismmixed economyplannismeconomocracydecentralized planningpolicy economy

Poetry examples for “planned economy”

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