Shortages of non priority goods and services is typically found in which economy?

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Noemi Thornton

20 July, 02:05

Shortages of non priority goods and services is typically found in which economy?

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Noel Ponce · Answer 1

A shortage of non priority goods and services is typically found in a planned ecnomy or a socialist economy as it is often called. The reason for this is that the socialist state doesn't consider all of the goods which a capitalist one would produce as necessary and for that reason doesn't think it should be produced for the people.

Oren · Answer 2

Central planned economy which is typical for socialist system