Question

Why are command economies usually less efficient than market economies?

Answer 1

Answer:

See answer section

Explanation:

Command economy is also known as the planned economy. The planned economy is less productive than the market economy because it is governed by the government to obtain the goal for the society and country. So, it cannot work as a market economy. On the other hand, market economies support better quality at low prices. That is why the market economy is referred to as a free enterprise system.