Command Economy System Showcase
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No competition because the government controls business as well as individuals having little influences in politics and business.
Command Economies are a one of the four Economic Systems
What is produced?
Well the government in Command Economies typically makes all decisions allowing for their own will to be put into action through laws and government action.
How is this produced?
Command Economies are for people looking to relax due to how straight forward the governments tend to make life as well as not plan on starting a business.
Who are Command Economies for?
Well in Command Economies there is typically insufficient resource supply.
What are some disadvantages?
There is also major lack for incentive and innovation.
They also cant adjust very fast and can lead to corrupt leaders.
Well what are some advantages to Command Economies?
Command Economies can ensure stability because of their market control and wealth is distributed among the society.
Thank you for learning about Command Economies!
Now you know more about one of the four Economic Systems.
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