Which of the following best describes why late 20th-century communist command economies declined?

Government central planning restricted incentives for innovation.

Uncontrolled demand for raw materials depleted natural resources.

Government economic decision-making was inefficient and wasteful.

Unregulated production of goods slowed down their distribution.

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History

Wayne Galvan

12 April, 18:13

Which of the following best describes why late 20th-century communist command economies declined?

Government central planning restricted incentives for innovation.

Uncontrolled demand for raw materials depleted natural resources.

Government economic decision-making was inefficient and wasteful.

Unregulated production of goods slowed down their distribution.

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Answers (1)

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Ayaan Woodard · Answer 1

Government central planning restricted incentives for innovation.

Communist governments set regulations and with government ownership of industries, the industries never advanced. The workers met demands and sold product but other countries began to innovate beyond the need for the products being sold by many Communist governments. Being everyone got a share there was no motivation to be better than a competitor because there was no competition. After Communist collapses, many of those countries found themselves economically and technologically behind the West.