Final answer:
The advantages of a command economy include stability, and the provision of essential services like healthcare and education, often for free. There is less likelihood of economic downturns compared to market economies. Cuba and North Korea are examples of countries with a command economy.
Step-by-step explanation:
The advantages of a command economy can be significant, particularly in terms of stability and the provision of essential services. In this system, the government has the power to decide which goods and services will be produced, the methods of production, and the wages that workers will earn.
One of the key benefits is that many necessities, such as healthcare and education, are often provided for free to the population. This approach can make essential services accessible to all citizens and ensure that basic needs are met, regardless of individual financial status.
Additionally, because the economy does not operate on a free market basis, the possibility of economic downturns is often lessened, providing more overall economic stability than what might be found in a purely capitalist system.
Examples of countries that have a command economy include Cuba and North Korea, where the government plays a central role in economic decision-making and in the provision of social services.