Explain planned economies in providing welfare for citizens, Microeconomics

Assess whether market economies have been more successful than planned economies in providing welfare for citizens.

The student is expected to outline some of the basic issues of welfare in the planned and market economies and subsequently submit a reasoned answer as to which has been most successful in meeting the goals. A standard solution - but a good one nonetheless - would put forward that planned economies have been successful in general in the provision of merit and public goods, and have also been able to decrease income inequality.


Posted Date: 7/11/2013 3:15:15 AM | Location : United States

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