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In a capitalist economic system who owns and controls the means of production?
Wiki User
∙ 6y ago
If you're thinking in the Marx context, the term is bourgeoisie.
Wiki User
∙ 9y ago
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What was the modified capitalist system Lenin used to avoid economic disaster?
Lenin called it the "New Economic Policy." It was more of a modification of the socialist system, which Lenin had imposed on the country than a modification of the former capitalist system.
What is the economic system in which a state controls trade and profit for good of state?
capitalism
What were differences between the domestic system and the factory system?
The factory system produced better quality cloth and around 10 times faster than the domestic system
What element controls and maintains a capitalistic economic system?
TAXATION,answerd by Robert hardy
Was Benito Musslini a dermacracy?
no he had a capitalist system
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.
How did the command economy under Stalin differ from a capatalist economy?
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
What economic system does the United States have?
free enterprise system!!
Which kind of economic system does a capitalist country have?
A capitalist country has a free-market economic system.
What is an economic system where the government owns and controls the means of production?
socialism.
What are some economic systems in Switzerland?
Switzerland is capitalist: wages system, production for sale, vast inequalities.
What type of economic system does Scotland have?
capitalist
How do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
What is a capatalist?
A capitalist is someone who believes in and participates in a capitalist economic system where private individuals and businesses own and control the means of production for profit. They support an economic structure based on private ownership, free markets, and competition.
What kind of the system is the united state?
The United States is a capitalist system. A capitalist system is based on an economy made up of privately owned businesses.
What is Russia's economic system?
Capitalist, with various state regulations and controls, much like the rest of Europe. Russia has not been Socialist for over two decades.
What type of economic system does South Korea have?
Capitalist
