1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Assoli18 [71]
3 years ago
7

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

Social Studies
1 answer:
lawyer [7]3 years ago
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
Why is it reasonable to conclude that the internal structure and evolution of Venus are basically Earthlike?
koban [17]

Answer:

i do not know look it up

Explanation:

4 0
3 years ago
Lawrence is watching a video in his psychology class that talks about how little albert was conditioned to fear a specific item.
KonstantinChe [14]
The source of Albert's fear was "A White Rat".

This was a famous experiment by John Watson and Rosalie Rayner for which they received much criticism. The child whose name was "Albert" but is famously known as "Little Albert" moved shortly after the experiment so it was a mystery what happened to him until recently when he was found as “<span>Douglas Merritte” who died before he was found.</span>
5 0
3 years ago
The movement that represented a reaction against certain beliefs of the roman catholic church, particularly those that discourag
lions [1.4K]
Was called Reformation
5 0
3 years ago
Which of the following is not one of the three major factors that make up production?
polet [3.4K]

The answer is d. services.  The other three are all factors of production.  You need land or a place to create your goods and services.  You have to have capital to run your production and sustain it.  Then you need labor or people who will produce the goods and services that you are going to sell.

3 0
4 years ago
In a well-structured paragraph, summarize the important achievements and contributions of ancient Indian civilization. Be sure t
andrey2020 [161]

Answer:

bssgshsvsbsjwknsbdjwjwn

5 0
3 years ago
Other questions:
  • What is a current event in the united states today
    15·1 answer
  • I need help Writing a paragraph on Queen Elizabeths relationship with her sister, Mary, and how Elizabeth supported the Reformat
    13·1 answer
  • 10. Use the quotation to answer the question.
    11·1 answer
  • Generalized anxiety disorder is a collection of distressing and disabling cognitive, emotional, and behavioral symptoms. It caus
    7·2 answers
  • what negative impact did gold and silver mining have in the west? A. tent cities near the mines fostered criminals as long-term
    15·1 answer
  • Why did great britain needed australia as a penal
    5·1 answer
  • What kinds of things do scientists in each area study?
    11·1 answer
  • When a therapist discerns that families have not learned how to "fight fair," what will the therapist teach the family?
    6·1 answer
  • Which option lists the layers of the rainforest in the correct order from top to bottom?
    14·1 answer
  • Does the media in a democratic society aim to provide information that is non-biased and objective.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!