advantages and disadvantages of Chinese polity
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The command type economy has a few advantages and disadvantages... 1.Centralised tight planning-- hence no wastage of resources or output. 2.Monopolies in the private domain are absent.the state has a monopoly. 3.Emergency situations can be better managed due to central control on production.
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1.Centralised tight planning hence, no wastage of resources or output.
2. Monopolies in the private domain are absent.
3. Emergency situatioms can be better managed due to central control on production.
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