GENERAL KNOWLEDGE

Detailed explanation-1: -Which of the following is a problem associated with communist command economies? There is no competition. There are high taxes.

Detailed explanation-2: -Ruling communist parties have also been challenged by domestic dissent. According to the critics, rule by communist parties has often led to totalitarianism, political repression, restrictions of human rights, poor economic performance, and cultural and artistic censorship.

Detailed explanation-3: -Any capitalist would argue that command economies face at least two major problems: first is the incentive problem and second is an information vacuum among the central planners making all the decisions. The incentive problem starts at the top.