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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.2
What is one of the main advantages of a command economy?
Flexibility and adaptability to changing circumstances.
Promotion of free market principles.
Ability to achieve rapid mobilization and industrialization.
Income equality and wealth distribution.
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AP Microeconomics - 1.2 Resource Allocation and Economic Systems
Key terms
Command Economy
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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