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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
4.7 Before the fall of Communism, most basic consumer products in Eastern Europe and the Soviet Union were
standardized. For example, government-run stores would offer for sale only one type of bar soap or one type of toothpaste. Soviet economists often argued that this system of standardizing basic consumer products avoided the waste associated with the differentiated goods and services produced in Western Europe and the United States. Do you agree with this argument?
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