The Economic Question - centrally-planned economy versus free-market economy approaches

How do the two types of economies function, and which one is better? Is the free-market economy which we all contribute to really the best option?

The debate on whether a centrally-planned economy or a free-market economy is better has been ongoing for decades. But what are the differences between the two, and which one is truly the best option? This article explores the functioning of both economies and examines examples of successful and unsuccessful implementations of each. From Cuba's switch f…