1. What, and how much, to produce.
2. How to produce it.
3. For whom to produce it.
In a centrally controlled economy, the people being evaluated against the criteria for "success" are anxious to succeed. As a consequence, they are literal in their interpretation of the result criteria. if required to produce a number of ton of "crops," they grow turnips which are heavy, even if they do not meet consumer needs. If required to produce tractors, they ignore the fact that words like "usable", "working" or "functional" are missing from the instructions. They look "good" even if they are not delivering the implied results.
The market decisions are being made by a small amount of people at the head of the government, and the decisions tend to affect large portions of the market. So if the person in command of the economy makes a mistake, it will negatively affect the entire country
-problems of gathering information
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In a command economy, there is continued tendency of authoritarianism, where there is mad rush for raising the GDP level to the maximum. Maximization of export without caring for the domestic market though helps for the time being, causes hardship to the local manufacturer and ultimate agony of the consumers. When the demand for exported product falls, the economic growth rates fall drastically, when attention is further driver to the domestic market. The case of Chinese economy is a fitting example in this regard.
1. What, and how much, to produce.
2. How to produce it.
3. For whom to produce it.
Answer:
In a centrally controlled economy the people being evaluated against the criteria for "success" are anxious to succeed. As a consequence they are literal in their interpretation of the result criteria. if required to produce a umber of tonnes of "crops" they row turnip s which are heavy even if they do not meet consumer needs. If required to produce tractors they ignore the fact that words like "usable", "working" or "functioal" are missing from the instructions. They look "good" even if they are not delivering the implied results
One problem that command economies cause is that the individual has little, if any, influence over how the basic economy functions. Supply and demand cannot set prices, the government does. Government may not know what is in demand currently, so products that not many citizens want will be produced. Then they will not be bought, making a lower GDP and per capita GDP.
The first sentence is the main point.
Poor Quality of work :)
the need to unionize workers
One of the problems an economy may face is a lack of resources. Another may be lack of skill in a particular industry. High cost of production and poor infrastructure may also be problematic to an economy.
the economy suffered from inflation a drastic drop in the value of money and a raise in prices.
There are some problems or issues a company might face if it has has a shortage of factors of production.they are as follows: 1. lack of business expansion 2. loss of clients 3.reduction in imput 4.reduction in output
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the need to unionize workers
ECONOMY
Scariness is one
One of the problems an economy may face is a lack of resources. Another may be lack of skill in a particular industry. High cost of production and poor infrastructure may also be problematic to an economy.
animals would have our jobs
No more mey
buying everything in site.
No liquidity
The prepatory command is "left" while the command of execution is "face."
Exporting and trafficking drugs are illegal in most countries.
Government meddling in the economy, lack of access to jobs, high taxes.
Economy problems. Corruption of money, or korupsi, there are also a lot of natural disasters in Indonesia like tsunami's and earth quake's.