‘Command economies will always be inferior to free market economies as economic systems’. To what extent do you agree with this statement? Elaborate. (15 marks)

Answer the following questions:

1.

‘Command economies will always be inferior to free market economies as economic systems’. To what extent do you agree with this statement?  Elaborate. (15 marks)

2.

Evaluate the likely economic effects for countries, such as Poland and Russia, that have transformed their economies away from the command economy system towards a market economy. (10 marks)


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