Which of the following describes one of the main problems within a command economy?
A)One person is in ownership of most of the resources used in production
B)No one person owns the resources used in production
C)The incremental way that economic decisions are made
D)The fact that the government is the primary decision maker

Question

Quizplus · Accepted Answer

One of the main problems with a command economy is the fact that no one person owns the resources that are used in production.
Key Takeaway: The main reason that it is an issue within a command economy that no one person owns the resources that are used in production is that it leads to less efficiency. Because so many resources are privately owned, most people are self motivated and only make decisions to their own advantage.

Which of the Following Describes One of the Main Problems