What are the major problems with a command economy?

2 answers:

8 0

In a command system, the government controls all prices, and usually that means the farmers will have less incentive to grow food.

krok68 [10]3 years ago

5 0

Hello,

There are advantages and disadvantages of command economy structures. Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.

Hope this helps!!!! :)

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<h3>What is a price ceiling?</h3>

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In order to determine the quantity demanded at the price of $5.50, trace $5.50 to a point on the demand curve(the downward sloping curve). In order to determine the quantity supplied at the price of $5.50, trace $5.50 to a point on the supply curve(the upward sloping curve).

Please check the attached image for the required diagram. To learn more about a price ceiling, please check: brainly.com/question/26521358

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