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What else can I help you with?
What are some disadvantages of plbanned economy?
The disadvantage of a planned economy is that there is lack of profit which usually leads to the inefficiency of the firms.
What are the disadvantages of a centrally planned economy?
In a centrally planned economy, the disadvantages include lack of competition, inefficiency in resource allocation, slow innovation, and limited consumer choice.
20 disadvantages of centrally planned economy?
i dnt no
Can you name a country that has a planned economy?
North Korea is the most centrally planned economy in the world. Most others allow for *some* degree of private trade. Some other less centrally planned economies are: - China - Russia - Cuba
What are some disadvantages of the Market Economy?
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
What were the advantages and disadvantages of the Mongol peace for the West?
some of there stragities may of not of worked as planned
What are the disadvantages of mixed economy in Nigeria?
The disadvantages of the mixed economy in Nigeria is that some unscrupulous businessmen are evading taxes. They import some goods which pose a danger to the locally produced goods.
What are the advantages and disadvantages of modern fishing to the economy and environment?
Some of the advantages and disadvantages of modern fishing to the economy and environment are that people are able to catch their food for no price and its way more natural ,but some of the disadvantages are the fee's that are required to fish are high.
Does Canada have a planned economy and can you give some examples of planned economies in Canada?
Canada does not have a planned economy; it operates primarily as a mixed economy with both market and government influences. While certain sectors, such as healthcare and education, are publicly funded and regulated, the majority of the economy is driven by market forces. Examples of planned aspects in Canada include public policies that guide economic development and social welfare programs, but these do not constitute a fully planned economy like those seen in countries such as North Korea or Cuba.
What are some disadvantages of having a market economy?
cause like yea.
What are some disadvantages of market economies?
The market economy has many advantages, but it also has its share of disadvantages. Two of the main disadvantages are that this type of economy can be very unstable and it tends to cause a large gap in the distribution of income.
How is the economy of totalitarian govern states?
It is a Planned Economy
