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.
Traditional economies are typically seen in South America and Africa. In a traditional economy the tribe controls the factors of production.
The family
communism households
both the government and private sectors
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.
Command economy. wrooooooong!
The government and the kids of the w
factors of production by govt. , by society and privetly
factors of production by govt. , by society and privetly
communism households
both the government and private sectors
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.
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.
households
The government and the kids of the w
Command economy. wrooooooong!
The government and the kids of the w
Command
Command Economy.