Identify the advantages and disadvantages of a command economy.

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29-09-2014
Business

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Identify the advantages and disadvantages of a command economy.

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flavour5 flavour5 · Answer 1 · 2014-09-29T22:24:07-04:00

flavour5 flavour5

29-09-2014

Good things
1. Government can control market failure
2. It help optimize social welfare
3. It prevents monopoly

Bad things
1. Lack of efficiency
2. No rewards

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