| Revision as of 18:49, 20 December 2005 edit10lbs of potatoes (talk | contribs)81 edits rv until we can get a more coherent and inclusive definition← Previous edit | Latest revision as of 05:10, 19 August 2020 edit undoDavide King (talk | contribs)Extended confirmed users104,663 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. | |||
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| ] 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 the distribution of goods. A good example is the ] which suffered many shortages and inefficiencies due to bureaucratic oversight and neglect. This idea may be attributed to ] who predicted the downfall of the ] because of insurmountable ]. | |||
| ==See also== | |||
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