Below you will find pages that utilize the taxonomy term “CommandEconomy”
Articles
The Problem with Command Economies: Lack of Initiative and Innovation
The problem with command economies is the inherent lack of initiative and innovation. Because of the uniform and rigid guidelines imposed by the government, citizens lack the motivation to explore creative solutions and ways to innovate. This problem has been observed throughout history - from Louis XIV’s France to today’s China.
In 18th century France, where the king was absolute, royal command was the primary source of direction for the government, economy, and citizens.