Question

what is one drawback of a command economy compared to a free market economy? apex

Answer 1

 A command economy is one in which a centralized government controls the means of production. This has has both advantages anddisadvantages when compared to a free market economy.A planned economy is a type of economic system where investment, production and the allocation of capital goods take place according to economy-wide economic and production plans. A planned economy may use centralized, decentralized or participatory forms of economic planning.