| Revision as of 08:55, 18 November 2005 edit212.85.24.83 (talk)No edit summary← Previous edit | Latest revision as of 05:10, 19 August 2020 edit undoDavide King (talk | contribs)Extended confirmed users104,752 edits #REDIRECT Planned economy#Command economy {{r to section}}Tag: Redirect target changed | ||
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| In a '''command economy''', the government determines production levels and sets prices. This is said to be advantageous because it prevents unscrupulous investors from taking advantage of consumers. ] advocates such as ] have criticized the '''command economy''' on the grounds that centralized planning ignores the ] and is therefore ineffective. In a similar manner, the idea of a '''command economy''' has been criticized because of inherently large ] associated with costs of distribution. A good example is the ] which suffered many shortages and inefficiencies due to beaurocratic oversight and neglect. This idea may be attributed to ] who predicted the downfall of the ] because of insurmountable ]. | |||
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