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10 the following social and economic goals are met in a command economy…

Question

10 the following social and economic goals are met in a command economy? economic security true false economic growth true false economic freedom true false economic equity true false economic efficiency true false

Explanation:

Brief Explanations
  1. Economic Security: Command economies often guarantee basic needs like food, housing, and employment for citizens, so this goal is met.
  2. Economic Growth: Command economies can direct large-scale investment into key industries, but lack of innovation and efficiency often limits sustained growth, so this goal is not reliably met.
  3. Economic Freedom: Command economies centralize all economic decisions; individuals and businesses have no choice over production, consumption, or investment, so this goal is not met.
  4. Economic Equity: Command economies aim for equal distribution of resources and wealth, minimizing class gaps, so this goal is met.
  5. Economic Efficiency: Command economies lack price signals and competition, leading to overproduction/underproduction and resource waste, so this goal is not met.

Answer:

  • Economic Security: True
  • Economic Growth: False
  • Economic Freedom: False
  • Economic Equity: True
  • Economic Efficiency: False