non-market economy

Antonyms:

free enterprise, laissez-faire economy, market economy, private enterprise

an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Types:

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managed economy

a non-market economy in which government intervention is important in allocating goods and resources and determining prices

socialism, socialist economy

an economic system based on state ownership of capital

mercantile system, mercantilism

an economic system (Europe in 18th century) to increase a nation's wealth by government regulation of all of the nation's commercial interests

communist economy

the managed economy of a communist state

Type of:

economic system, economy

the system of production and distribution and consumption