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24 March, 11:47

Why does a command economy require a large bureaucracy?

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  1. 24 March, 12:14
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    Because of the following:

    Government ownership of the means of production. In command economies, governments will own some or all of the industries producing goods and services. Government pricing and production decisions. In a command economy, production is decided by government agencies, who decide the most socially efficient goods to produce. Government agencies may also set prices or give consumers rations directly.
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