Explain socialism's "calculation problem".

The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek.

Explanation:

The economic calculation problem is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek.

answer: in october 1962, an american u-2 spy plane secretly photographed nuclear missile sites being built by the soviet union on the island of cuba. president kennedy did not want the soviet union and cuba to know that he had discovered the missiles. he met in secret with his advisors for several days to discuss the problem.

explanation:

they thoght they were going to nuke each other