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15 April, 17:22

Which economic goal is a major one of command economies?

equity

innovation

efficiency

freedom

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Answers (1)
  1. 15 April, 19:17
    0
    the answer is equity.

    Explanation:

    the social equity in resource allocation and distribution is the main concern of an command economy. The entire "command" function is there for this purpose. Opposing to the market system, in which the efficiency of the market is of primary concern, the command system argues that while following to achieve the maximum market effeciency, these economies miss out on the fainress and unbiasedness in economic benefit destribution and therefore creates many social problems such as poverty, rich and poor gap, etc as a result.

    The command economy tries to overcome this problem of Equity in market economies.
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