Question

"Under central planning, some group has to decide how to get the necessary inputs produced in the right amounts and delivered to the right places at the right time. This is a nearly impossible task without markets and profits." This quotation best identifies the: A. incentive problem under central planning.B. coordination problem under central planning.C. self-sufficiency dilemma under communism.D. resource overcommitment problem under communism.

Answer 1

Answer:

B. coordination problem under central planning.

Explanation:

As the word coordination is defined as the course of time under which everything moves in synchronization, under this, every thing shall happen at the right time, with the right quality, at the right place.

This is what we call coordination.

Under central planning also the company and the management focuses that all things and processes are coordinated and accordingly all the acts are justified.