Why command economy fails?
1 Answer(s)
Krishna Gopal
Below are different reasons for failure of command economy-
1. Infeasible to process the required quantum of information.
2. Poor quality of information
3. All depends on central planner. So, central planner is supposed to be perfect in all decisions taken.
4. Political interferences
Sep 09 2015 04:16 PM
1. Infeasible to process the required quantum of information.
2. Poor quality of information
3. All depends on central planner. So, central planner is supposed to be perfect in all decisions taken.
4. Political interferences