As unfair as it often is, the price system does something almost instantly that, in a planned economy, would take years to be figured out. It gives producers signals on what to produce, and what not to produce. A high price signals that there is high demand and not enough supply, incentivizing producers to produce that item. The producers don't even need, or want, to know why the price is high, they just, out of their interest, see profit. This allocates resources efficiently.
In a system where prices are either controlled or non-existent, the state has to keep and check constant inventory to see what is demanded and what is not. This necessarily results in delays.
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