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One disadvantage of a command system is that it is not designed to meet the wants of consumers, even though many basic needs are provided.
A second disadvantage is that the system does not give people the incentive to work hard.
A third weakness is that the command economy requires a large decision-making bureaucracy.
Yet the fourth weakness of a command economy is that it does not have the flexibility to deal with minor, day-to-day problems.
Finally, people with new or unique ideas find it difficult to get ahead in a command economy.
There is no private ownership. The economy is designed to meet needs not wants. No motivation to work hard. People often don't lose the jobs so they do the bare minimum to get by.
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What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
What kind of economic system are described in the Hunger Games?
planned or command economic system
2 advantages and disadvantages of command economy?
The welfare of all citizens is the primary goal of the economic system. Wasteful competition is avoided wages are controlled by the state.
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
How does a command economic system solve their economic problem?
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What kind of economic system are described in the Hunger Games?
planned or command economic system
2 advantages and disadvantages of command economy?
The welfare of all citizens is the primary goal of the economic system. Wasteful competition is avoided wages are controlled by the state.
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
What kind of economic system does Chile have?
A Market command system
What is Brazil's economic system?
command economy
What economic system encourage entrepreneurship?
Command
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
What is an economic system characterized by a central authority which makes major economic decisions?
Command Economy. :D
What is an economic system in which the economic decisions are controlled from outside by a central agency?
Command
