Why might market economy consumers expect higher quality products than command economy consumers?

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Business

Demarcus Barnes

12 November, 12:30

Why might market economy consumers expect higher quality products than command economy consumers?

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Jaidyn Dunlap · Answer 1

in a command economy, the government determines what products will be made and how much they will cost. There is little need for differentiation and product quality, but the government will limit the consumers choices.

In a market economy, consumers have choices; therefore, companies must find ways to make their products better than their competition to secure sales.