What are the disadvantages of a planned economy?

Learn about the basic tenets of a command economy and what its inherent advantages and disadvantages are versus a free market economy. read more

The disadvantages of centrally planned economies include the inefficient distribution of resources and the suppression of economic freedom. Centrally planned economies are generally associated with dictatorial political states. read more

Advantages and Disadvantages of Planned Economy. Advantages Disadvantages * The distribution of wealth is more equal because goods and services can be priced so that everyone can afford them and because no individual can become very rich without making a profit. read more