(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
Also: CMEA
Word origin
C20 Co(uncil for) M(utual) Econ(omic Assistance)
Comecon in American English
(ˈkɑmɪˌkɑn)
noun
Council for Mutual Economic Assistance: a trade organization of Communist countries
Examples of 'Comecon' in a sentence
Comecon
`Other Comecon countries have tried similar tactics and the results have been uneven.