What Are The Advantages And Disadvantages Of A Command Economy?
I am new here and i like to ask questions but i am not sure how to fill in the ask questions on the site itself.
2 Answers - Sort by: Date | Rating
Advantages:
Maximize consumers' welfare and demands
mostly affordable for the consumers
disadvantages:
No competition to motivate the workers
labor only try to maintain the standards ,
achieve the government's target but did not improving them
Maximize consumers' welfare and demands
mostly affordable for the consumers
disadvantages:
No competition to motivate the workers
labor only try to maintain the standards ,
achieve the government's target but did not improving them
0
0
Guest
answered 6 months ago
In short, the advantages are stability, meeting collective objectives and conformance to a grand design. The disadvantages are inefficient resource allocation, absence of a profit motive, lack of choice for consumers and corruption.
You can read the details here: en.wikipedia.org
You can read the details here: en.wikipedia.org
0
1
- Why Is Prenatal Development Is Called A Critical Period?
- Why Do We Need Documents For Foreign Trade?
- What Is The Difference Between Indifference Curve And Iso Curve?
- What Are The Major Steps Of Impact Of Privatisation On Indian Economy?
- Why Does A Coolinhg Effect Accompanies Evaporation?
- Explain The Energy Crisis And It Impacts To The Economic Development In Srilanka?
- Explain The Immediate Causes Of Level Of Production In National Income Accounting?
- What Are The Advantage Of Retain Profits?
- How Can India Become A Prosperous & Secure Nation?
- How We Check The Level Of Production On Time To Time In National Income Accounting?
- Why Did Advertising Begin?
- Define Management Explain Nature And Scope Of Management?
- What Step Should India Take To Become A Prosperous And Secure Nation?
- What Is Inflation And Income?
- How Would Equilibrium Price And Equilibrium Quantity Differ In Airline Industry?
- I Want Know What Is The Prices Of Used Care In Kiev?
- What Are Som Economic Activities In New York City?
- What Are Some Economic Activities In New York City?
- What Are Economic Activity In New York City?
- How Is Market Equilibrium Effected In The When Consumer Income Changes Whan All The Factors Remaining Same?
- ? What Is Accomplished In One Economic System That Is Not In Others?
- What Is The Role Of Financial Institutions Towards Economic Development In Sierra Leone?
- 5. What Do You Understand About Cost-benefit Analysis?
- What's Meant By Economies Of Scale?
- What Is The Economic System Of Venice?
- What Are The Advantages And Disadvantages Of Command Economy?
- What Are The Advantages And Disadvantages Of Mixed Economy?
- What Are The Advantages And Disadvantages Of A Free Economy?
- What Are The Advantages And Disadvantages Of Central Economy?
- What Are Some Advantages And Disadvantages Of A Traditional Economy?
New Comment - Comments are editable for 5 min.