What Are Five Weaknesses Of A Command Economy? not designed to meet the wnats of consumers. no insentive to work hard. requires large decidion- making bureaucracy. no flexablity with problems. new ideas find it difficult to get ahead. What are seven disadvantages of a command economy? Societal needs might be ignored. … Freedom is restricted.
What Are The Major Problems With A Command Economy? Command economy advantages include low levels of inequality and unemployment, and the common objective of replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency. What are seven disadvantages of a command economy? Societal needs might be
What Are The Advantages And Disadvantages Of Command Economy? Command economy advantages include low levels of inequality and unemployment, and the common objective of replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency. What are seven disadvantages of a command economy? Societal needs might be
What Is A Disadvantage Of A Centrally Planned Economy? What are some disadvantages of centrally planned economies? • Consumers cannot choose and only those goods and services are produced which are decided by the government. • Lack of profit motive may lead to firms being inefficient. What are 3 disadvantages of a centrally planned economy?