Select all items that describe command economies.

inefficient

limited selection

shortage of goods

high standards of living

Question

Savion Payne

Business

31 July, 18:17

Select all items that describe command economies.

inefficient

limited selection

shortage of goods

high standards of living

+2

Answers (1)

Know the Answer?

Turner Olson · Answer 1

A command economy is yes inefficient because if the government will be the one to dictate the price of goods and what goods can be produced, then obviously the businesses will have to will to produce. They will just be following what the government says and will not give their whole heart to it. This will make the production of goods and services inefficient. Also, there will be a limited selection because if the will of the workers are hindered, then there will be no innovations and inventions

Select all items that describe command economies.inefficientlimited selectionshortage of goodshigh standards of living

Select all items that describe command economies.

inefficient

limited selection

shortage of goods

high standards of living