What were effects of command economy?

A command economy, where the government centrally plans and controls economic activities, often leads to inefficiencies and a lack of innovation due to the absence of market signals like supply and demand. Resources may be misallocated, resulting in surpluses of some goods and shortages of others. Additionally, this system can stifle individual entrepreneurship and limit consumer choices. However, it can also enable rapid mobilization of resources for large-scale projects and equitable distribution of basic goods in some contexts.