Who benefits and who suffers most from a centrally planned economy?

1 answer

Answer

1062021

2026-07-11 03:15

+ Follow

Who benefits:

  • The Central Planners -- all of those bureaucrats are employed with the purpose of creating the central planning and, as a result, their very livelihood exists only by dint of the planned economy.
  • Black Market Smugglers -- Black Market Smugglers get much more traffic for needed goods if the economy cannot anticipate people's needs and this happens very commonly in planned economies.

Who suffers: Everyone Else
  • Entrepreneurs are banned from starting new businesses that sell their own products.
  • Businesses have product overflows in some categories and shortfalls in many others.
  • Common people cannot buy everything that they may need or want.
ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.