What is a major disadvantage of a command economic system?

Question

BlackTom AI · Accepted Answer

Exploring the question on the major disadvantage of a command economic system, we can analyze each option in turn.
Option a: 'Lack of incentives to work or be creative' This is a well-known critique of command economies: when the state controls production and rewards, individual motivation to innovate or exert extra effort can be diminished because rewards are often not tied to personal performance. This reasoning aligns with economic theory on incentives and efficiency.
Option b: 'Too much individual freedom' In a command economy, the opposite is true: individual freedom is typically restricted rather than abundant, as the government makes key economic decisions and controls resources. This choice mischaracterizes the system.
Option c: 'Limited government involvement' Again, this is inaccurate for a command economy. The defining feature is extensive government planning and control over production, not limited involvement. This option describes a market-like or libertarian scenario, not a command system.
Option d: 'It leads to wealth inequality' Command economies aim to reduce or eliminate wealth inequality by distributing resources according to planned goals. While outcomes can vary, this description does not capture the core disadvantage posed by the lack of incentives; in many cases, inequality is not the primary or most inherent flaw highlighted in analyses of command systems.
Overall, the most accurate disadvantage among these statements centers on the motivational issue: the structure tends to blunt incentives for work and creativity, which can hamper efficiency and innovation compared with more incentive-driven systems. The remaining options describe conditions that do not accurately reflect a command economy's typical dynamics.

25_2 PHL4100 M Philosophy od Enterprise

What is a major disadvantage of a command economic system?

查看解析

登录即可查看完整答案

类似问题

If an economy's factors of production were owned by the government sector and the coordinating activity was done by a government planning board, the economy would be called:

Which of the following characteristics define a command system? (More than one answer may be correct.) BlackTom题目解析

Choose those characteristics that best describe a command system. BlackTom题目解析

Which of the following is NOT true about a pure command economy?

Which of the following best describes a 'command' ('planned') economy?

1. In a command economy, the government sets production levels and wages.

In a command economy, the __________ either makes most economic decisions itself or at least strongly influences how the decisions are made.

Which of the following is a characteristic of a centrally-planned economy?

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单