Ask Question
23 May, 01:28

What method do centrally planned economies generally rely upon to control labor?

+1
Answers (1)
  1. 23 May, 04:01
    0
    Theoretically, centrally planned economics can overcome market failure. According to that, when there is a free market economy, monopolies exploit consumers and labour. However, centrally planned system favors fair distribution although it has been criticized for the economic calculation and data shortage.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What method do centrally planned economies generally rely upon to control labor? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers