/ Dictionary / Index P planned economy: Meaning and Definition of Find definitions for: planned' econ'omy Pronunciation: [key] an economic system in which the government controls and regulates production, distribution, prices, etc. Cf. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. plankton planned obsolescence Related Content Daily Word Quiz: diaphanous Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language