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What Advantage And Disadvantages Did Russians Experience With A Command Economy

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What Advantage And Disadvantages Did Russians Experience With A Command Economy
Command economy is defined in the textbook as, a government run economy. The government owned all industries and set quotas that favored heavy industry over the production of consumer goods and products. What advantages and disadvantages did Russians experience with a command economy? How about a market economy? One of the many disadvantages of this command economy was that supply and demand did not dictate what products would be produced. The authoritative government would determine what was to be produced and how many were needed. There was no freedom as to what was made or sold. One advantage of this economy was that government kept providing jobs due to its many investments. Now on to the market economy, what is a market economy? A market

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