Economic Definition of command and control. Defined.
Offline Version: PDF
Term command and control Definition: A term frequently used when referring to government regulation of pollution emissions. This is where the government imposes regulations on polluters through the use of licenses, permits, zoning regulations, registration, and other controls. It should be contrasted with other methods of pollution control, especially Pigouvian tax, pollution rights market, Coase theorem, and recycling.
« collusion production analysis | command economy »
Permalink: https://glossary.econguru.com/economic-term/command+and+control