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What is the main advantage of a command economy?

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Vaishnavi Kanukurti
Vaishnavi KanukurtiLv10
15 Sep 2020
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Related questions

What is the advantage of a command economy?
How does a command economy differ from a mixed market economy?
Ā 
(i) In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
(ii) In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
(iii) In a command economy, citizens own all public property. In a mixed market economy, the government owns all public property.
(iv) In a command economy, citizens own all private property. In a mixed market economy, the government owns all private property.

3. Why is comparative advantage important in international trade?

7. Identify the exchange rate that equalizes the prices of internationally traded goods across countries and briefly discuss the main functions this exchange rate serves.

10. Briefly discuss the shortcomings of environmental command-and-control regulations.

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