0
One disadvantage of a command system is that it is not designed to meet the wants of consumers, even though many basic needs are provided.
A second disadvantage is that the system does not give people the incentive to work hard.
A third weakness is that the command economy requires a large decision-making bureaucracy.
Yet the fourth weakness of a command economy is that it does not have the flexibility to deal with minor, day-to-day problems.
Finally, people with new or unique ideas find it difficult to get ahead in a command economy.
What else can I help you with?
How does Stalin's 5 year plan resemble a command economy?
Stalin's Five Year Plan did not "resemble" a command economy; it WAS a command economy. A command economy is when the central government determines how much production will occur (instead of allowing businesses to produce at their own levels). The Five Year Plan was an explicit set of quotas by Stalin as to how much production (mostly agricultural) would occur in the next five years, setting a level of production which was unreasonable.
Is Haiti a free market economy or a command economy?
Yes, Haiti is a command economy. A command economy is when the government controls the economy and you are guaranteed a job. However, with a command economy, you cannot open your own business.
What is econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Which is the best example of an element of a command economy?
Five-Year Plans in the Soviet Union
The history of command economy?
what is the history behind command economy
What is a command economy system?
Command Economy is an example of Dictatorship.
What is Vietnams econony?
It is a command economy where the government controls the economy. It is a command economy where the government controls the economy.
Is North Korea a command economy or a free economy?
North Korea has a command economy.
Explain stalins use of command economy in Russia?
its his command in economy
What kind of economy is Mongolia command or market?
it is a command economy da
Is the former USSR an example of the command economy?
The USSR had a command economy, Russia today has a free market economy.
What are the weaknesses of the us economy?
No jobs
