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Select all items that describe command economies.

inefficient limited selection shortage of goods high standards of l...

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Select all items that describe command economies.

inefficient limited selection shortage of goods high standards of living

Answer

A command economy is yes inefficient because if the government will be the one to dictate the price of goods and what goods can be produced, then obviously the businesses will have to will to produce.
They will just be following what the government says and will not give their whole heart to it.
This will make the production of goods and services inefficient.
Also, there will be a limited selection because if the will of the workers are hindered, then there will be no innovations and inventions

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 17 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 213 views.

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