Question

Who benefits and who suffers most from a centrally planned economy?

Answer 1

who benefits:

• The central planers- all of those who are employed by this central planning have there livelihood planed out by this economy

• Black market smugglers- These smugglers get more traffic when the economy doesn't deliver its needs to the people so this is when the profit is happens very often in planned economy.

Who suffers:

• Entrepreneurs are banned from starting there own business that sell there own product
• Business have product overflow in some categories and shortfall in many others
• Common people may not be able to buy there needs or what they want