Question

What are the major problems with a command economy?

Answer 1

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

Answer 2

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.

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