A strength of a pure planned economy is that it is likely to grow rapidly and produce enough products and services to support its people in the long term.

Question

Quizplus · Accepted Answer

A pure planned economy is prone to inefficiencies due to the lack of market signals and competition. This can lead to shortages, surpluses, and a mismatch between the goods produced and the needs of the population, resulting in a lower overall standard of living. Therefore, it is unlikely to generate sustainable economic growth in the long term.

A Strength of a Pure Planned Economy Is That It