Question

Select all the items that describe command economies.

limited freedom for consumers
inefficient use of productive resources
usually not much economic growth
encourages competition between businesses

Answer 1

@EmogirlAtEmoooocow @Notstar

Answer 2

@welshfella

Answer 3

@Luigi0210

Answer 4

@adrynicoleb

Answer 5

Do you know what a command economy is?

Answer 6

no

Answer 7

This is a pretty good breakdown of a command economy:

Pros:
\(\star \) Can prevent monopoly power abuse.
\(\star \) Important at mobilizing economic resources.
\(\star \) Ensures the Realization of well-defined long-term goals.

Cons:
\(\star \) Treat to liberty and democracy.
\(\star \) Difficulty in obtaining information about the needs of consumers.
\(\star\) Have problems producing the right exports.

\(\large \color{purple}{Source:}\) http://apecsec.org/command-economy-pros-and-cons/

You can read more if you'd like

Answer 8

thanks