Command Economies

posted by .

Could I know the features of Command Economies/good and bad?

I think I found their relative advantages and disadvantages. Down below. Please check, and do tell me if there are more. Thanks so much.

Command Economy Advantages:

-Equality is focused on

-Government tries to get rid of private property and distribute its good equally. (If this is done in a proper way than no one is in poverty and no one is wealthier than another.

-Social services are also given importance to in this type of economy.

-The government will provide equal health care, education opportunities, and make sure that all people are fed.

-This type of economy is also capable of quick change for major problems.

-The government owns the companies, so if production needs to be shifted into a different area, the government is capable of doing it quick.

-These type of economies are also very stable. They will never have sudden depressions.

-Not that much freedom

-Individual does not have opportunity to decide what they want to do for a career, and they have no control over the goods they receive.

-There is little reason for innovations, hard work, or quality of the work.

-Individuals make same amount of money, no one makes more than the other, the people feel like there is no reason to work hard.

-There is little focus on consumer wants. When it comes to minor day-to-day changes, the government has a hard time dealing with with them.

  • Command Economies -

    Great! You've covered all of the pros and cons that I know about.

    Note that communism is the major command economy. Yet the Soviet Union fell apart, although it's leaning toward a similar command economy system. It's having a hard time making the abrupt switch from a command economy to a free enterprise system. Both Vietnam and China have command economies, but they too have loosened up a lot in recent years and are adapting to mixed economies.

  • Command Economies -

    Thanks so much for the additional information:)

    What does it mean by features? Is that same as disadvantages, and advantages.

  • Command Economies -

    You're welcome.

    Features means to describe them. I think you've done a good job of describing them in your lists of advantages and disadvantages. You could summarize the facts about a command economy and then go on to the advantages and disadvantages.

  • Command Economies -

    Thanks so much for your help, and thanks for the site as well:)

  • Command Economies -

    You're very welcome.

  • Command Economies -


Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    Why would a country choose to have a mixed economy?
  2. International Business

    Most command economies are in the process of transition to a market economy. What is the meaning of transition, and also discuss the related factors that can make an economic transition more successful
  3. Social Studies 30 Socialism

    Question reads "There are a large number of supporters for the command economy and welfare state. A question arises as to which system is better. Suppose you are required to support the position that the command economy is vastly superior, …
  4. Economics quick question

    How are prices determined in command economies?
  5. World Geography

    please Write a short essay comparing the ways in which command economies and market economies affect a worker's life?
  6. Geography/History

    How do command economies and market economies affect a worker's life?
  7. social studies

    in what ways do market economies differ from command economies?
  8. Command Economies

    All I kind of know is that, the government controls the Command economies, they direct people on what to produce and what not. In the command economy what goods and services should be produced?
  9. computer science check

    Which of the following examples correctly describes the order in which these parts of a program should be written?
  10. Computer Science

    If a file named "myfile" has -r--r--r-- permissions.  Write the command to change it to -rwxr-xr-- permissions using both the octal and symbolic modes of the appropriate command (octal mode was included in the instructor's lecture …

More Similar Questions