QUESTION IMAGE
Question
which of the following are disadvantages of a command economic system? choose three correct answers. strong government support of social security programs few economic choices for citizens low unemployment rates and retirement assistance over/under production of important goods protections for individual property and business owners no private ownership of business
Brief Explanations
- Analyze each option:
- "strong government support of social security programs" and "low unemployment rates and retirement assistance" are advantages of a command economic system as the government controls resources to provide such support.
- "protections for individual property and business owners" is not a feature of a command economy (government owns most means of production).
- "few economic choices for citizens" is a disadvantage because the government dictates production and consumption, limiting what citizens can buy/do economically.
- "over/under production of important goods" occurs as the government - run planning may not accurately predict demand, leading to inefficiencies.
- "no private ownership of business" is a disadvantage as it limits entrepreneurship and individual economic freedom.
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B. few economic choices for citizens
D. over/under production of important goods
F. no private ownership of business