Proponents of a command economy argue that directing resources through state planning allows for the rapid achievement of collective welfare goals, such as universal healthcare and full employment, far more effectively than a free-market system. For instance, critics point to the rise in regional development disparities and public service underfunding in transition economies like Vietnam since the adoption of its Doi Moi market-orientated reforms.
Evaluate the view that resource allocation is inevitably inefficient within a command (centrally planned) economic system.
31 exam-style questions on OCR A Level Economics The allocation of resources. Each one has a worked solution and a mark scheme showing where the marks go.