Companies have the ability to execute even massive projects, attain their goals and establish industrial power. They can also subjugate the general population’s welfare and override self-interest (Command Economy Pros and Cons, 2014)”. More pros related to centrally planned systems are that they can prevent monopoly power abuse, and they also ensure the realization of well-defined long-term goals. Cons related to this system can be related to having problems trying to produce the correct exports, difficulty obtaining the information about the needs of the consumers, and treat to liberty and democracy. Some pros to a market system is that this system operates privately without the government controlling the system, which makes people have the right to make their own choices with the services and goods that they wish to purchase. A con that exists in the market system is the costs that are associated the production are not always going to be paid by the
Companies have the ability to execute even massive projects, attain their goals and establish industrial power. They can also subjugate the general population’s welfare and override self-interest (Command Economy Pros and Cons, 2014)”. More pros related to centrally planned systems are that they can prevent monopoly power abuse, and they also ensure the realization of well-defined long-term goals. Cons related to this system can be related to having problems trying to produce the correct exports, difficulty obtaining the information about the needs of the consumers, and treat to liberty and democracy. Some pros to a market system is that this system operates privately without the government controlling the system, which makes people have the right to make their own choices with the services and goods that they wish to purchase. A con that exists in the market system is the costs that are associated the production are not always going to be paid by the