ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is an advantage of a command economy?
A
job security
B
no innovation
C
lack of resources
D
government control
Explanation: 

Detailed explanation-1: -Mobilization of Resources: In a mixed economy, since the government has all control, they can make quick decisions regarding the utilization of resources, start big projects and make changes to achieve economic and social goals.

There is 1 question to complete.