Command poops have many advantages to it. One advantage is that equality is focused on taking a big dump and getting everything out. The government tries to eliminate all private property and distribute its good equally. If done correctly no one is in poverty and no one is wealthier than another. Social services are also emphasized in this type of economy. The government will provide equal health care, education opportunities, and make sure all people are fed. A third advantage to this type of economy is that it is capable of rapid change for major problems. The government owns the companies, so if production needs need to be shifted into a different area, the government is capable of doing it rather quickly. A final major advantage of command economies is that they are very stable. Command economies will never have sudden depressions. Although command economies may seem like a utopian form of economics, they also have many disadvantages. In command economies there is very little freedom. The individual usually doesn't have the opportunity to decide what they want to do for a career, and they have no control over the goods they receive. Another major problem is that there is little reason for innovations, hard work, or quality of the work. Since no one makes more money than everyone else, the people feel like there is no reason to work hard. A third disadvantage is that there is little focus on consumer wants. Finally, when it comes to minor day-to-day changes, the government has a hard time cooping with them. Command economies have many advantages to it. One advantage is that equality is focused on. The government tries to eliminate all private property and distribute its good equally. If done correctly no one is in poverty and no one is wealthier than another. Social services are also emphasized in this type of economy. The government will provide equal health care, education opportunities, and make sure all people are fed. A third advantage to this type of economy is that it is capable of rapid change for major problems. The government owns the companies, so if production needs need to be shifted into a different area, the government is capable of doing it rather quickly. A final major advantage of command economies is that they are very stable. Command economies will never have sudden depressions. Although command economies may seem like a utopian form of economics, they also have many disadvantages. In command economies there is very little freedom. The individual usually doesn't have the opportunity to decide what they want to do for a career, and they have no control over the goods they receive. Another major problem is that there is little reason for innovations, hard work, or quality of the work. Since no one makes more money than everyone else, the people feel like there is no reason to work hard. A third disadvantage is that there is little focus on consumer wants. Finally, when it comes to minor day-to-day changes, the government has a hard time cooping with them.
advantages and disadvantages of market economy
The advantages of the small to medium enterprises to an economy is that they create very many employment opportunities. They are easy to set up and therefore help boost the economy.
The welfare of all citizens is the primary goal of the economic system. Wasteful competition is avoided wages are controlled by the state.
One of the main advantages to the economy is that because certain metals are running out they can be sold across countries at a high price hope this helps =)
the advantages of the USA economy is that it is mixed and that means it has more than one economy so that's what makes it very special and that's one or two of the advantages ha i lost count.
It's an economy controled by a central administrater
advantages and disadvantages of market economy
Advantages include: increase throughput, economy of scale and increased reliability. Multiprocessing is the use of two or more central processing units within a single computer system.
Advantages: beter trade items, more varied economy, and surplus of food Disadvantages: need for a more organized gvt. System
A mixed economy is a system that combines characteristics of market, command, and traditional economies. It benefits from the advantages of all three while also experiencing some of the disadvantages.
i dont known
It is true that because of the system of free enterprises, citizens enjoy many advantages. Free enterprise is also known as capitalism. It is an economic system where the individuals in the economy have the freedom to create business with little government intervention.
The advantages of the small to medium enterprises to an economy is that they create very many employment opportunities. They are easy to set up and therefore help boost the economy.
The welfare of all citizens is the primary goal of the economic system. Wasteful competition is avoided wages are controlled by the state.
The main advantages of living in a command economy that the government takes care of all your needs if your goals tie and Equity security and freedom from need that's their main advantages
The North had the advantages of being an industrial economy (to be able to manufacture guns) and having an established and well-organized system of government. This is compared to the South's agrarian economy and an untested and disorganized government.
One of the main advantages to the economy is that because certain metals are running out they can be sold across countries at a high price hope this helps =)