Question

how were the critics of planned economy and sympathize​

Answer 1

Answer:

Disadvantages of command economies

Government agencies usually have poor information about what to produce. ...

Unable to respond to consumer preferences.

Inefficient firms are protected and kept going; making it hard for resources to move to dynamic and efficient firms.

Threat to democracy and liberty. ...

Bureaucratic.

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Answer 2

Disadvantages of command economies:-

• Government agencies usually have poor information about what to produce.
• Unable to respond to consumer preferences.
• Inefficient firms are protected and kept going; making it hard for resources to move to dynamic and efficient firms.
• Threat to democracy and liberty.
• Bureaucratic.

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