Identify the positive and negative features of a directive and market economy.
Directive economics
Positive features:
1. Clear and thoughtful planning.
2. The social nature of the economy (protecting the interests of workers).
3. Ability to mobilize large masses of people in a short time.
Negative traits:
1. A cumbersome bureaucratic management system.
2. Lack of real competition.
3. Equalization, workers are not interested in increasing labor productivity.
Market economy
Positive features:
1. Economic freedom as an engine of development.
2. Guarantees of private property, providing conditions for stable economic growth.
3. Rapid implementation of technical innovations.
Negative traits:
1. The impossibility of government regulation and planning often leads to global economic crises.
2. Lack of mandatory social guarantees for employees.
3. Bankruptcy and bankruptcy of owners as a side effect of the development of competition.