Answer to Question #242309 in Macroeconomics for varoujan02

Question #242309

What considerations might cause one nation to choose to operate as a market economy and another as a planned economy?

1
Expert's answer
2021-09-28T17:43:24-0400

Enhanced effectiveness, production, and invention are all virtues of a free capitalist sector. Individuals, not governmental organizations, control all commodities in a fully unfettered market, and they decide how to redistribute them.


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