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spin [16.1K]
2 years ago
13

Why do centrally planned econimies tend not to be efficient?

History
1 answer:
Anika [276]2 years ago
6 0

Answer:

The government owns all production factors. Since the government fixes wages, workers lack the incentive to work faster or produce more. ... Some goals are better met by the open market, while others may be better achieved through government action.

Explanation:

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