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Inefficiency Is a Flaw of a Command Economy Because There

question 89

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Inefficiency is a flaw of a command economy because there is less incentive for resources to flow to their highest-valued uses.


Definitions:

Martin Seligman

A psychologist known for his work on the theory of learned helplessness and his contributions to positive psychology.

Psychology

The scientific study of mind and behavior, including the examination of consciousness, perception, emotions, and mental health.

Isolation

The state of being separate from others, which can be physical, social, or emotional.

Subjective Well-Being

A person's self-reported assessment of their moods and emotional states, reflecting how they evaluate their own happiness and life satisfaction.

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