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The question is nonsensical. The factors of production require the existence of a consistent production, but this does not exist in a traditional economic system. All things that are produced are produced using common materials that are available to all and items are only created when they are necessary - not when a factory owner chooses to produce.
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∙ 9y ago
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Which economic institution owns the factors of production in a market economy?
communism households
Who owns and controls the factors of production in a mixed economy?
both the government and private sectors
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What is an economic system in which the government decides what will be produced how it will be produced who gets what is produced and who owns and controls the major factors of the production?
Command economy. wrooooooong!
Who owns traditional economy resources?
The government and the kids of the w
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
Who owns the factor of production in a market economy?
factors of production by govt. , by society and privetly
Which economic institution owns the factors of production in a market economy?
communism households
Who owns and controls the factors of production in a mixed economy?
both the government and private sectors
Who owns the factors of production in cuba?
The government owns the factors of production. Since Cuba has a dictatorship and Raul Castro is now in charge, it can be said that he owns the factors of production.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What owns the factors of production?
households
Who owns traditional economy?
The government and the kids of the w
What is an economic system in which the government decides what will be produced how it will be produced who gets what is produced and who owns and controls the major factors of the production?
Command economy. wrooooooong!
Who owns traditional economy resources?
The government and the kids of the w
What government owns and operates the factors of production?
Command
What is an economy where government owns all production and industry?
Command Economy.
