Why Do Countries Turn to Command Economies?

Published: 24 June 2022
on channel: Professor Dave Explains
51,598
1.4k

We are going through the four main economic systems, and we just learned about free markets, so now let's discuss command economies. What are they? What are the advantages and disadvantages? Since they are not favored by economists, why do they still persist in certain countries? Let's get a closer look!

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Animation by Ignacio Triana:    / unraveled  

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