- Created by: alexisschildd
- Created on: 20-05-19 19:05
Good example- Russia
Heavily based on Demand
- Government chooses who produces and what is produced.
- 5 year plan;
Advantages;- Strong government makes sure public/merit goods are consumed at the right level.
-Government can control goods/services for the good of the country
Disadvantages;- Unable to efficiently allocate goods
-Shortages or surplus
-Wages fixed, no choice for work
-5 year plan too long as things can change quickly.