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Which economic system do the people own land factories and businesses?
The economic system where people own land, factories, and businesses is known as capitalism. In capitalism, private ownership is a fundamental principle, allowing individuals and companies to operate and compete in the market. This system encourages entrepreneurship and innovation, as people can invest in and profit from their ventures. Additionally, it typically involves minimal government intervention in economic activities.
Under which type of economic system does the government own and control all the land factories banks and transportation facilities of a country?
communisum
Who owns all the large factories and land in a communist country?
In a Communist world, the land, factories, etc belong to all the people and are owned in common. Communism will have to be a global system, so there can’t be a Communist country.
What is an economic system that gives a single lord control over a piece of land and all the people living on it?
Manorialism
How did the growth of corporations and big business change the economic landscape of the US?
instead of farm land they were creating more factories and buildings
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
What is the definition of TELUS?
It means Transportation Economic Land Use System
Did Europe shift to an age of capitalism?
Europe became capitalist during the fall of feudalism.
What are the characteristic of earth?
It has oceans and seas, dry land, clouds and its shape is oblate spheroid
What is a best description of communism?
a group of people who live close to one another and often work toward common goals.
The overthrow of the Ming Dynasty allowed?
The overthrow of the Ming Dynasty allowed for an upheaval in the economic system. The people gained back some of their land and had more freedom.
When did the following occur land values fell sharply investments declined suddenly banks failed and people lost confidence in the economic system?
Shortly after Van Buren's election, the country entered a severe economic depression.
