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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3235 |
Essay's paper body
The lack of motivation would result in a spiraling effect causing the task/job to remain incomplete.
There are additional criticisms and problems with coordination by command. The text states that in a large centrally planned economy, it is not a lack of information that exists; it is not having the relevant information readily available to those who plan, who are essentially the decision makers...
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Information may be kept from the planners or there may be a lack of motivation from both sides, resulting in little incentive to make any decision. This causes an ineffective form of democratic control, which is an ideal that benefits most of the people most of the time. Adam Smith supported coordination by rules as long as two rules govern the economy: competition and private property...
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