What effect does the lack of competition in command economics have?

1 answer:

3 0

It creates the possibility of companies, which are selling a certain product on a market which does not have any other producer, becoming and having the 100% of the market share.

This enables them to completely determine the price that can be very high as people will have to pay if they want to have this product.

It also enables them to determine various aspects about the quality of the product in general.

Usualy all this would be determined by the demand and competition. But in a command economy, all of it is determined by the producer. All the products can therefore look the same and don't need to be produced in excess but in just the right amount for the people which is obviously very hard to determine.

You might be interested in

Neoclassical paintings, such as the Oath of the Horatii by Jacques-Louis David ___________________________.

tankabanditka [31]

Answer: By Jacques-Loius David in 1784 and is now displayed in Louvre, Paris

Explanation:

His painting became popular due to the criticism he received and is among the popular Neoclassical style of paintings.

5 0

3 years ago

Libertarians are insensitive to the plight of the poor. we know this is so because they want to abolish the minimum wage. and we

tensa zangetsu [6.8K]

I believe the answer is: Begging the <span>Question
</span>Begging the <span>Question refers to a logical fallacy where a writer/speakr is using a premise to support itself without the necessary argument to support their intial claim.
In the statement above, the writer made an initial claim that '</span><span>Libertarians are insensitive to the plight of the poor', but never once explained the follow up explanation on what make the libertarians do to deserve this accusation.</span><span />

5 0

4 years ago

Air pollution that is emitted from a cafo of 10,000 cattle would be categorized as?

Rzqust [24]

Air pollution that is emitted from a CAFO of 10,000 cattle would be categorized as the nonpoint source.

<h3>What is air pollution?</h3>

Any substance that alters the natural properties of the atmosphere, whether it be chemical, physical, or biological, is considered an air pollutant.
Air pollution can occur inside or outdoors.
Common causes of air pollution include motor vehicles, industrial operations, household combustion appliances, and forest fires.
When dangerous gases and chemicals are discharged into the atmosphere, air pollution results.
These pollutants include sulphur dioxide, nitrogen oxide, and particulate matter (extremely minute particles that enter our respiratory system).

To learn more about air pollution, refer to the following link:

brainly.com/question/24704410

#SPJ4

7 0

2 years ago

Which conflict is often referred to as the first "televised war"? A) Gulf War B) Korean War C) Vietnam War D) World War II

Elanso [62]

C) the Vietnam war
It was televised which is why it sparked so much controversy because people were finally seeing what was happening in the war

5 0

3 years ago

Read 2 more answers

A test of your capacity to learn to be an automobile mechanic would be considered a(n) ________ test. intelligence reliability i

KatRina [158]

Answer: Aptitude

Explanation:

Aptitude test is a test to determine an individual's propensity to succeed in a given activity. Aptitude tests assume that individuals have inherent strengths and weaknesses, and have a natural inclination toward success or failure in specific areas based on their innate characteristics. Aptitude test tests the individual's speed, accuracy, and how smart they can be on task when in tight corners or challenges

8 0

3 years ago