Central planning proved to be a failure in communist countries in part because of:
A) abundant market information.
B) unquestioned reliance on the price system.
C) insufficient use of government ownership.
D) inadequate rewards for innovation.

Question

Quizplus · Accepted Answer

Communist countries failed because they lacked incentives for innovation due to the absence of market competition, causing economic stagnation and inefficiency.

Central Planning Proved to Be a Failure in Communist Countries