Which of these is a drawback of socialist economies?

CA Foundation · Business Economics · MTP · September 2026
Which of these is a drawback of socialist economies?
(A) A. bureaucratic inefficiency and delays
(B) B. excessive competition
(C) C. high income inequality
(D) D. unrestricted private property

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. bureaucratic inefficiency and delays

Topics: Nature & Scope of Business Economics

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