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What are the five weaknesses of the command economy?

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 is the distinction between economic wants and economic needs?

economic wants is something the economy wants as an extra An economic need is something wither a object or servise for the economy to survive! Hope this helps! :)


Disadvantages of command economic system?

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 is a disadvantage of a centrally-planned economy?

it cannot meet consumers needs and wants


What is the way people use resources to meet their wants and needs?

The way a nation determines how to use its resources to satisfy its people's needs and wants is called:


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.


What is a major disadvantage of a central planned economy?

it cannot meet consumers needs and wants


What a major disadvantage of centrally planned economy?

it cannot meet consumers needs and wants


How does a traditional economy satisfy the wants and needs of individuals?

Ask your Social Studies teacher.


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.