Advantages of Planned System
i) Uses of resources: Central planning can lead to the full use of all the factors of production, so reducing or ending unemployment.
ii Large scale production: Economies of scale become possible due to mass production taking place.
iii. Public services: "Natural monopolies" such as the supply of domestic power or defence can be provided efficiently through central planning.
iv) Basic services: There is less concentration on making luxuries for those who can afford them and greater emphasis on providing a range of goods and services for all the population.
v) There are less dramatic differences in wealth and income distribution than in market economy