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What is the name of an economic system in which private citizens own the factors of production?
I believe the answer is "a command economy"It is market economy
What type of economy is it when people have the right to run their own businesses and own private property?
You are describing a capitalist economy.
What was the Production Budget for My Own Private Idaho?
The Production Budget for My Own Private Idaho was $2,500,000.
What is a mixed economy?
A mixed economy is a system, where private and public enterprise are combined.
Why Ghana i s a mixed factor of production?
because production of goods and services are done or own by both private and government firms or scarce resource are own by both private individual and government
What are the positives and negatives of a market economy?
The benefit of a market economy is that people are free to make their own preferences on what products or services to obtain. The problem is that the costs for the production are not paid by the supplier at all times.
What type of economy does the US have and what are some examples?
the US has a democracy and its economy is free.
Is an economic system in which private property is eliminated.?
Socialism has no private property in the means of production, as the planet’s resources belong to all the population in common. But people still own homes, clothes, etc.
It is a group of words that does not express a complete thought?
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market-known as a market economy -rather than through central planning-known as a planned economy or command economy .
What is a system in which individuals own factors of production and make economic decisions?
mixed economy
What Is an economic system in which private property is eliminated?
Socialism has no private property in the means of production, as the planet’s resources belong to all the population in common. But people still own homes, clothes, etc.
What economy of the US is a?
A mixed economy that leans more towards free market.
