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Q: What economic system emphasizes the private ownership of most factors of production?
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Related questions

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.


Economic resources are also known as?

Factors of production.


Factors of production history?

Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.


In the circular flow model economic resouces is both production and the factors of production?

True


In the circular flow model economic resources is both production and the factors of production?

truetrue


Do economic resources include both production and the factors of production?

Yes, the means of production, and the system that supports it, are all resources.


What are the 3 factors of economic systems?

Demand-Production-Distribution/Supply


The economic indicator that measures inflation in the factors of production is called?

ppi


Which of the four factors of production must be prioritized?

The four factors of production (land, labor, capital and entrepreneur) must all present if you wish to improve the economic level of production.


What economic system is based on government control of all factors of production?

communism


Which economic institution owns the factors of production in a market economy?

communism households


What did William Stanley Jevons study?

He studied the effects of economic fluctuations of the limiting factors of coal production on economic development.