The Advantages of a Command Economy Less Inequality Because the government controls the means of production in a command economy, it determines who works where and how much they are paid. This power structure contrasts sharply with a free market economy, in whichprivate companiescontrol the means ...
ConclusionA command economy is a centralized economic system where the government plays a dominant role in economic planning and resource allocation. While it has certain advantages in terms of income equality and strategic planning, it also faces significant challenges related to inefficiency and limited...
This type of economic system is a key feature in communist or socialist countries, such as modern-dayNorth Korea. Advantages of a Command Economy If done properly and with adequate resources, a command economy offers the following benefits: Society favors social welfare and equity rather than prof...
计划经济相对的是市场经济,市场经济是以市场供需来调节生产和资源分配的经济方式,而计划经济是以计划来调节生产和资源分配的经济方式.各自有利弊,市场经济的利处在于市场来调节,符合市场规律,但容易出现滞后性.计划经济利处在于提前调节,但弊端是不符合市场供需,容易出现供需失调.两种方式结合,则是有调控的...
Some advantages of a command economy include: They can move quickly. Controlled by the government itself, industries can complete massive projects without politically motivated delays and fears of private lawsuits. Since jobs and hiring are regulated by the government, unemployment is consistently minimal...
Advantages of command economy 4 Disadvantages of command economy……….5 Own opinion/Arguments………..6 Examples of market economy………...7 …show more content… Command system is a system where the government, rather than the free market, determines what goods should be produced and the pri...
In a command economy, the national government has control over the production factors, like capital, land, and other resources. On the other hand, the market economy applies private ownership of production means.Answer and Explanation: COMMAND ECONOMY Advantages 1. Equa...
What are the Advantages and Disadvantages of Automatic Stabilizers? What are Industrial Goods? What is a Mixed Economy? How is the World Connected into a Global Economy? What is a Market Economy? What is a Traditional Economy: Understanding Its Role and Functioning ...
What is the difference between a command economy and a market economy?Question:What is the difference between a command economy and a market economy?Economies of Scale:It refers to the advantages in terms of cost that companies and organizations receive when their production activities ...
What's more, China is opposed to the opportunity to develop is economy worldwide.It is essential to know other countries' economic and cultural background. English is the key to the success. Third, more and more foreigners are interested in Chinese literature and culture. Mastering the English...