Answer:
Step-by-step explanation:
A command economy, which is also called a planned economy, has its fair share of pros and cons. One good thing about it is that it gives the government centralized control to make economic decisions and distribute resources based on national goals. This can be helpful for quick industrialization or development. Plus, a command economy aims to promote social equality by sharing wealth and making sure everyone has access to important services. It also brings stability and predictability when it comes to jobs, production levels, and prices. However, there are downsides too. For example, since there's no competition or prices to guide decisions, the economy might not work efficiently. It can also limit people's freedom and discourage innovation since the government decides what gets produced and available. Sometimes, it leads to slow and complicated bureaucracy too.