One advantage market economies have over central planning is that market economies:

Question

Quizplus · Accepted Answer

Market economies are more efficient because they rely on the forces of supply and demand to determine prices, production, and distribution of goods and services. Central planning, on the other hand, relies on government control and may not allocate resources as efficiently because of bureaucratic inefficiencies and lack of market feedback.

One Advantage Market Economies Have Over Central Planning Is That