Question:

Why is a market economy thought to be better than a command economy?

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Why is a market economy thought to be better than a command economy?

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  1. Because when the Government screws up a market economy it can blame it on uncontrollable market forces.

    (Authority hates responsibility)


  2. Command limits personal freedom and is controlled by the government. Market economy allows limited government interface.

  3. a market economy is more efficient because resources go where they're needed most, not where one person decides they're needed

    a market economy has a mechanism for determining who gets what -- prices.  thus, you don't have to wait 6 hours in line for toilet paper.

    a market economy also innovates well, because profits are an incentive to think of new products that people want.

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