Which one of the following options is not an advantage of a centrally planned economy?
1. The economy is more considerate of human interests and not primarily governed by the
maximisation of profits.
2. Promotes the spirit of entrepreneurship and leads to the enhancement of state bureaucracy.
3. Material wealth is more equitably distributed in society.
4. Protects the economy against fluctuations in commodity prices associated with the market
economy.
5. Options 2 and 4.
2. Promotes the spirit of entrepreneurship and leads to the enhancement of state bureaucracy.
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