The most accepted argument in favor of market economies is their efficiency. The argument most accepted in favor of command economies is the belief that they are

Question

Elvis Rubio

Social Studies

4 March, 20:21

The most accepted argument in favor of market economies is their efficiency. The argument most accepted in favor of command economies is the belief that they are

+5

Answers (1)

Know the Answer?

Annabelle Boyer · Answer 1

That because there is a lack of direct competition, there will also be a reduction in the amount of goods being product as well as the variety that is produced.

This leads us to the belief that such an economy is more equal for everyone as everyone receives the same good in the same amount.