Business Studies, asked by micahjosephine2475, 6 hours ago

4 disadvantages of planned economic systi

Answers

Answered by Aʙʜɪɪ69

1

Explanation:

Consumers cannot choose and only those goods and services are produced which are decided by the government. Lack of profit motive may lead to firms being inefficient. Lot of time and money is wasted in communicating instructions from the government to the firms.

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