43.0k views
0 votes
Why are command economies usually less efficient than market economies?

User Kaley
by
5.1k points

1 Answer

4 votes

Answer:

See answer section

Step-by-step explanation:

Command economy is also known as the planned economy. The planned economy is less productive than the market economy because it is governed by the government to obtain the goal for the society and country. So, it cannot work as a market economy. On the other hand, market economies support better quality at low prices. That is why the market economy is referred to as a free enterprise system.

User Yoosiba
by
4.6k points