Question

Imagine that a new, high-demand item has been simultaneously introduced into two countries: one with a command economy and one with a pure market economy. Describe how each country would approach production of the item, the likely quality of the resulting product, and how successful each would likely be at distributing the item. Conclude with an opinion on which system would be preferable, and support your opinion with evidence.

Answer 1

Answer:Terms in this set (5) Imagine that a new, high-demand item has been simultaneously introduced into two countries: one with a command economy and one with a pure market economy. ... Command economy-mass produce it, average quality and be highly successful in distributing it.

Explanation: