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In a planned/Command economy, there is a very less opportunity for a private producer to start a firm, only some government institutions are able to supply the goods and services required by the costumer which in fact, will lead to a less wastage of resources.
In a Market economy, all the goods...
This is like a coin...there are always 2 sides
Advantages
You could be seen as a very important part of the business because you know the working conditions and you are full of ideas that can help the business you are working on.
Disadvantages
As you were the boss when you owned your own...