How does top-down management of an economy affect it?
What will be an ideal response?
Top-down management reduces insecurity, but also reduces the incentive to innovate and make improvements. Without incentive, workers have less motivation to work harder or longer, reducing overall productivity.
Economics
You might also like to view...
An example of a factor of production for Dell is
A) the computers exported by Dell. B) a worker hired by Dell. C) corporate bonds sold by Dell. D) stock issued by Dell.
Economics
The demand for dollars is downward sloping because when dollar appreciates,
a. Foreigners demand more US goods and services b. Foreigners demand fewer US goods and services c. Foreigners demand more dollars d. Foreigners do not change their demand for US goods and services
Economics