ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one is an advantage of command economy.
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No freedom to choose
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Low quality goods /no competition
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Low unemployment
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None of the above
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Explanation:
Detailed explanation-1: -It doesn’t face inequality problems among the citizens. As the government is in control of production, profit is not only the motive of production of goods. The entire society can be transformed according to the government’s economic plan as there is no other free force in the market.
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