Why command economy fails?

What are the reasons for the failure of command economy

1 Answer(s)


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

Your Answer

Click on this code-snippet-icon icon to add code snippet.

Upload Files (Maximum image file size - 1.5 MB, other file size - 10 MB, total size - not more than 50 MB)