Question

why were communist command economies unable to compete with free market economies in terms of production and efficiency during the cold war? describes at least two reasons to support your arguement.

Answer 1

I think The reason why communist economies were unable to compete with free market economies  in terms of production and efficiency is : The limited innovation

- In a communist economy, the Government tell each people what to do and how much they should do it no matter they like it or not. Now imagine, that someone that has a talent to built a magnificent machine were forced to lift bricks for construction

- The government takes all the profit. This will kill the spirit of competition that would increase production and efficiency in a healthy way