In comparison to market-based economies,_____ and _____ are absent from command economies.

Question

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In a command economy,state-owned enterprises have little incentive to control costs and be efficient,as they cannot go out of business.Also,the abolition of private ownership means there is no incentive for individuals to look for better ways to serve consumer needs;hence,dynamism and innovation are absent from command economies.

In Comparison to Market-Based Economies,_____ and _____ Are Absent from Command

In Comparison to Market-Based Economies,_ and _ Are Absent from Command