Summary:
Discussion about the pure command economic system and its disadvantages.
In a pure command economic system, an individual person has little or possibly no influence over how the basic economic questions are answered. Nowadays, the only areas that still have a pure command economy are North Korea, Vietnam, and parts of China. Should these countries keep a pure command economic system? Or should the pure command economic system be taken away from these countries? The pure command economic must be taken away for three following reasons: It has no competition, no development, and no valued goods and services.
First, the pure command economy doesn't have competition because the command economy is one in which decisions about production; distribution and consumption are made mostly by the government. People do things for good of all society. Command economies are organized by the rules, and those rules are.....
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