Command economy

1. Why is planned economy sometimes called command economy?

2. Who owns factories, land and natural resources in command economy?

3. Who takes all the decisions in planned economy?

4. Is there any private property in command economy?

5. Who allocates raw materials, workers and other factors of production in command ec.?

6. Who decided in the former Soviet Union what was to be produced and in what quantities?

7. Is there a society which is a completely command economy?

8. Who decides in command economy what the nation is to produce?

9. How many years ahead does the state plan in command economy?

10. Is planned economy easy to operate?

11. Should there be work for everybody?

12. Does the state use its control over the economy?

13. What can the state ensure to its population?

14. Are the needs of population met?

15. Does the state produce enough luxury goods for the wealthy?

16. Why is there no incentive to work hard?

17. Who are the profits paid to?

18. Can citizens start their own business?

19. Does the government produce goods which people want to buy?

20. What is the major problem faced by command economy?

21. Does command economy respond fast to changes in people’s tastes and fashion?

22. Can the planners predict changes in demand?

23. What leads to delays and queues for some products?