The Economic Question – centrally-planned economy versus free-market economy approaches

The debate on whether a centrally-planned economy or a free-market economy is better has been ongoing for decades. But what are the differences between the two, and which one is truly the best option? This article explores the functioning of both economies and examines examples of successful and unsuccessful implementations of each. From Cuba’s switch from a free-market to a centrally planned economy, to Switzerland’s thriving free-market economy despite a lack of natural resources.

 
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Πηγή: withmomentum.substack.com