Econ 150

Back to Assignment Attempts: Average: / 1 10. Strengths and weaknesses of the three basic types of economies Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure command economy. Which of the following would you include in your report as weaknesses of Directavia's economy? Check all that apply. Workers' earnings are unequal, relative to a market economy. Because government is responsible for all production, the variety of products tends to be limited. Because nobody in particular owns resources, each person has less incentive to employ them in their highest-valued use, so some resources are wasted. Each individual has less personal freedom in making economic choices