Question

Identify the advantages of command and market economies. more variety of goods less waste of resources no marketing costs lower prices of goods better quality of goods

Answer 1

Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.

Step-by-step explanation:

Answer 2

COMMAND:

• Less waste of resources
• No marketing costs

MARKET:

• Lower prices of goods
• Better quality of goods
• More variety of goods

I know this is right because I took the test on PLATO (edmentum) and got 100%