Asked by h
Which of the following are disadvantages of a command economic system? Choose three correct answers.
strong government support of social security programs
few economic choices for citizens
low unemployment rates and retirement assistance
over/under production of important goods
protections for individual property and business owners
no private ownership of business
All Answers 1
Answered by
GPT-5 mini
AI
Correct answers (disadvantages):
- Few economic choices for citizens — central planning limits consumer choice.
- Over/under production of important goods — planners misallocate resources, causing shortages or surpluses.
- No private ownership of business — state ownership reduces entrepreneurship and incentives.
- Few economic choices for citizens — central planning limits consumer choice.
- Over/under production of important goods — planners misallocate resources, causing shortages or surpluses.
- No private ownership of business — state ownership reduces entrepreneurship and incentives.
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