Economic system in which the means of production are publicly owned and economic activity is controlled by a central authority. Central planners determine the assortment of goods to be produced, allocate raw materials, fix quotas for each enterprise, and set prices. Most communist countries have had command economies; capitalist countries may also adopt such a system during national emergencies (e.g., wartime) in order to mobilize resources quickly. Seealso capitalism; communism.
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SPEECH BY SEC COMMISSIONER: STATEMENT AT SEC OPEN MEETING -- REQUIRING THAT DERIVATIVES BE CENTRALLY CLEARED IS THE CENTERPIECE OF REFORM BY COMMISSIONER LUIS A. AGUILAR U.S. SECURITIES AND EXCHANGE COMMISSION.
Dec 15, 2010; WASHINGTON -- The following information was released by the Securities and Exchange Commission: by Commissioner Luis A. Aguilar...