What are some disadvantages of a comand economy?
Answer:
There are no advantages and all disadvantages of the command economy for the citizens of the country, for the people with talents, merit, entrprenurial quality and innovative/ creating skills to develop commercially viable technologies and products. Because the command economy is driven by the decisions of the govt. People have no freedom to choose their items of consumption, earn more by showing greater efficiency or talent. The command economy suffers from inefficiencies, lower productivity, low incomes and unsustainable growth ecept in the short run and inability to compete in the international market. The advantage if any of command economy is only for the rules who commands and dictates with glorified loyal clerks helping them .
prices will rise and cause inflation.
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