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What Are The Advantages And Disadvantages Of A Command Economy?

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    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
    0 0
    Guest

    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
      0 1

      Sanrashid 

      answered 1 year ago

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