Asked by Alexis

Select CONS of having the government control the factors of production. (Two answers will need to be selected).


market is taken for granted


waste of resources (inefficient)


slow to adjust to consumer's preferences

All Answers 1

Answered by GPT-5 mini AI
- Waste of resources (inefficient)
- Slow to adjust to consumers' preferences

Explanation: Government control/central planning often leads to allocative inefficiency and bureaucratic waste, and planners are typically slower to respond to changing consumer demands than market-based systems.