(formerly) an association of Soviet-oriented Communist nations, founded in 1949 to coordinate economic development, etc; it was disbanded in 1991 when free-market policies were adopted by its members
Collins Concise English Dictionary © HarperCollins Publishers::
COMECON
(kom′i kon′),USA pronunciation n.
- Economics, Business, Governmentan economic association of Communist countries, established in 1949, to facilitate trade and development.
- Co(uncil for) M(utual) Econ(omic Assistance)
'Comecon' also found in these entries (note: many are not synonyms or translations):