0
A command economy is generally less flexible than market-based systems because economic decisions are centrally planned by the government rather than driven by supply and demand. This centralization can lead to inefficiencies and slow responses to changes in consumer needs or market conditions. However, a command economy can quickly mobilize resources for large-scale projects or crises, which can be seen as a form of flexibility in specific contexts. Overall, while it has some capacity for rapid action, its rigidity often limits adaptability in the long term.
What else can I help you with?
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.
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.
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
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.
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.
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.
Is Libya a command economy?
Yes Libya has a Command Economy
What do you call an economy that is both partly command and market?
When an economy is partly command and partly market, is called a mixed economy.
Where can command economy be found today?
yes they can command economy be will found today.
