Question

List the five major weaknesses of the command economy

Answer 1

1. Not designed to meet the wants of consumers
2. No incentive to work hard
3. Requires large decision- making bureaucracy
4. No flexibility with problems
5. New ideas find it difficult to get ahead

Answer 2

1 not designed to meet the wnats of consumers
2 no insentive to work hard
3 requires large decidion- making bureaucracy
4 no flexablity with problems
5 new ideas find it difficult to get ahead