Question

Agree or disagree with the following statement: Economic decisions are more likely to benefit consumers in a free enterprise economy than in a command economy. Give reasons for your answer.

Answer 1

I disagree with the statement: "Economic decisions are more likely to benefit consumers in a free enterprise economy than in a command economy" because the activity that goes on in the "market economy" in unplanned, and unorganized by any central authority but only certified by the "goods" that it involves, on the other hand, a "command economy" is organized by the government officials. China, North Korea, and Soviet Union are all examples of command economies.

Answer 2

I agree

Step-by-step explanation:

I agree because in a command economy, the state decides how much will be produced and traded, there is no private initiative and this is an indication that there is not much freedom. On the contrary, in a market economy, there is free enterprise, so production depends on the profit perspective and more products are offered. Moreover, in the market economy, suppliers compete via prices, which is beneficial for consumers, who may choose to pay the lowest possible price and have a wider range of products and services to choose from.