which economy has the demerit of excessive regulations
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By restricting the inputs—capital, labor, technology, and more—that can be used in the production process, regulation shapes the economy and, by extension, living standards today and in the future. ... Executed poorly, regulation can stifle creativity and learning and limit opportunities for all citizens.The following are disadvantages to regulation: It creates a huge government bureaucracy that stifles growth. It can create huge monopolies that cause consumers to pay more. It squashes innovation by over-regulating.
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command economy
command economyA command economy is characterized by the most government control over the economy.
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