3 ms·
To be strict, free market decision efficiency now considered at about 70% (30% of resources wasted, or one third of invested). But authoritarian power decision
by simne 3y ago
To be strict, free market decision efficiency now considered at about 70% (30% of resources wasted, or one third of invested).
But authoritarian power decision efficiency, from experience of late Soviet Union, was about 5-30% (so 70-95% wasted, or from 2/3 to near all invested).