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1.1.2 Advantages of command economy . The command economy is also called a centrally planned economy (investorwords.com 2010). Can you give me a few advantages and state a picture that I can draw with each to relate to the advantage. It restricts freedom. Let’s discuss few of the pros and cons of Command Economy. In a command economy (also known as a centrally planned economy), the central government controls all major aspects of a nation's economy and production. This has has both advantages and disadvantages when compared to a free market economy. An Overview In a command economy, the government determines what is produced, how it is produced, and how it is distributed. One key feature of command economy is a central planning authority. Private enterprise does not exist … A centrally planned economy is great when it comes to mobilizing the resources of the company effectively and quickly on a large scale. Command economy advantages include low levels of inequality and unemployment and the common good replacing profit as the primary incentive of production. The picture must represent the advantage. Start studying Command Economy Advantages/Disadvantages. This has has both advantages and disadvantages when compared to a free market economy. Best Answer: gives me a picture with each positive point. A command economy is one in which a centralized government controls the means of production. Pros of Command Economy are: Limit the monopolizing: Command economy make it difficult for a monopoly to rule the market, as the major forces are controlled and regulated by the government. I have to draw a picture for each aspect/positive point of the command economy. Advantages And Disadvantages Of Command Economy 711 Words 3 Pages Command economy system is a system and the government decides what goods should be produced, how much goods should be produced, and the price of goods to be sold. Command Economy Advantages. Learn vocabulary, terms, and more with flashcards, games, and other study tools. List of Cons of a Command Economy. This has has both advantages and disadvantages when compared to a free market economy. 1.1.2.1 Ensuring the realization of the long term well-defined objectives . They only produce the exact amount that is needed to sustain their people. 1. Important at mobilizing economic resources. Command economy advantages? Here are some of the advantages of having the government control all aspects of the economy. The Advantages of a Command Economy. An Overview In a command economy, the government determines what is produced, how it is produced, and how it is distributed. 1. A command economy is one in which a centralized government controls the means of production. A command economy is one in which a centralized government controls the means of production. Though monopoly can exist in all the other type of economies, but not in the command economy. Command economies address this problem head on by regulating exactly how much can be produced. Due to the fact that this type of economic system is tied to communist countries, it is no surprise that it also takes the freedom away from the people and puts full control in the hands of the government alone. throupene throupene A command economy is one that is controlled by a central authority - usually the government. The government, rather than the traditional free market economy laws of supply and demand , mandates which goods and services will be produced and how they will be distributed and sold. The Pros of Command Economy. No Waste In free market economies, there is a significant amount of wasted food and products each and every year. Private enterprise does not exist An Overview In a command economy, the government determines what is produced, how it is produced, and how it is distributed. 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