Centrally planned systems turned out to be the best systems because government ministries know what is best for everyone everywhere.

Name: Centrally planned systems turned out to be the best systems because government ministries know what is best for everyone everywhere.
Brand: Quizplus
Rating: 4.9 (53 reviews)

Question

Quizplus · Accepted Answer

Centrally planned systems often face challenges such as inefficiencies, lack of innovation, and shortages because it is difficult for a central authority to accurately determine the needs and wants of all individuals.

Centrally Planned Systems Turned Out to Be the Best Systems