List the five major weaknesses of the command economy.

List the five major weaknesses of the command economy.

1. It is not designed to meet the needs or wants of individuals; rather they must sacrifice for the good of the state
2. It lacks incentives for people to work hard
3. It requires a large decision-making bureaucracy
4. It is not flexible to deal with day-to-day problems
5. People with new ideas find it difficult to get ahead