Zentralverwaltungswirtschaft

== German == === Etymology === Zentralverwaltung (“central administration”) +‎ Wirtschaft (“economy”) === Pronunciation === IPA(key): [t͡sɛnˈtʁaːlfɛɐ̯ˌvaltʊŋsˌvɪʁtʃaft] Hyphenation: Zen‧tral‧ver‧wal‧tungs‧wirt‧schaft === Noun === Zentralverwaltungswirtschaft f (genitive Zentralverwaltungswirtschaft, plural Zentralverwaltungswirtschaften) (economics, politics) planned economy, centrally planned economy (an economic system where the state or government makes all decisions regarding the production and distribution of goods and services) ==== Declension ==== ==== Synonyms ==== Planwirtschaft (most common synonym) Kommandowirtschaft (command economy) ==== Antonyms ==== Marktwirtschaft (market economy) freie Marktwirtschaft (free market economy) ==== Coordinate terms ==== Mangelwirtschaft (shortage economy; often a result of this system) Fünfjahresplan (five-year plan) Jahresüberschuss (net income; in this system often a secondary target behind plan fulfillment) Zahlungskraft (solvency) Preiskontrolle (price control) ==== Related terms ==== Zentralismus (centralism) Verwaltungsakt (administrative act) === References === “Zentralverwaltungswirtschaft”, in Digitales Wörterbuch der deutschen Sprache‎[1] (in German) “Zentralverwaltungswirtschaft” in Duden online