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For poorer sections of society, a state controlled economy is better than a liberalised economy
China is biggest example of success of state controlled economy.
In liberal economies richer become richer and poorer are getting poorer.
A state controlled economy will result in proper flow of benefits towards rural masses.
State has control over the production and the markets helping poorer sections to avail benefits which they otherwise would have been deprived of.
State controlled economies are big problem in path of growing business in country which will surely affect country's growth; eventually affects poor population.
Russia is biggest example of failure of state controlled economy.
The communist countries are bright example of state controlled economies do not result in uplifting poor.
As history stands a proof that, state controlled economies have higher rates of corruption and mismanagement.
A liberal economy with sound regulatory framework will ensure employment and a healthy economy.
State controlled economy has benefits but evidences from history tell us that state controlled economy is big failure.
Contributed by: Studyfreak
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