The Planned Economy which is the deliverance that the g everyplacenment organises is very polar from the Free Market Economy where the private sector is in charge and owns firms etc...
The planned economy is wear out in the sensation that people are less stressed due to non having to worry about their next meal or other, due to the government supplying their basic needs like housing, medical checkup care, food, clothes, education, a job, so nobody is unemployed yet completely get paid the same amount more or less. People are not paid very much, perhaps 3 dollars per month, but it is in all that is needed, countries like Cuba get roughly of their countries money from tourism, and still use up fairly good national education, a good transport system and it is said that they have excellent medical care, and people in Cuba get all medical care needed for free including operations and medicine.
Meanwhile in the free market economy their are very unforesightful people in the lower classes that have absolutely no food and could starve to death, and the very rich that are to twisting in themselves that they do not care about others.
but it is similarly correct because their is freedom of expression. You also get paid check to how hard you try and the effort you put into things.
Their is a bankrupt allocation of resources because each business or firm tries to portion out resources in a better way due to competition, hard to produce either more at a better lumber for a lower price or merely trying to be better than somebody else, and selling your better quality goods. This is good because their is a variety of choices and better quality good than their would be in a planned economy because in a planned economy everything...
I agree with your consequence that a free market economy is better than a planned economy. However, you may want to expand your concluding paragraph to more completey explain why you think a free market economy is better, especially in devolve of some of the advantages that you claim a planned economy has over a free economy.
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