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What is it called when most of the industry is owned by the people and some is owned by the government?
Wiki User
∙ 12y ago
When most of the industry is owned by private individuals, it is called privatization.
Wiki User
∙ 12y ago
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What is porperty owned by individuals or companies not by the government or the people called?
Private Property
How did the German government encourage economic development?
It owned and mangaed Germany's industry.
What is the definition of a nationalize industry?
A nationalized industry is one that a government takes over, usually for a fair price in democratic countries, and is now owned and operated by the government. This was a trend that has now reversed itself. More often then not, many nations with government owned industries are making them into for profit enterprises.
What is it called when a business is owned by two or more people?
A business that is owned by 2 or 20 people is called a partnership. A business that is owned by 2 or 50 people is called a private company and a business that is owned by unlimited number of people is called a public company.
Is public land owned by the people the public or by the government?
Public land is owned by the government. The people have elected a government to represent their interests. Public land is owned and administered by local, state and federal governments. See related questions.
What government system where all property and industry are owned by the government in order to create equality?
Communism is the political system where the government takes all of the land and redistributes it equally.
What is an economic system which says that land business and industry should be owned and run by individual citizens and not by the government?
A system where land, business, and industry are owned and operated by individual citizens rather than the government is known as capitalism. In capitalism, individuals have the right to own property and make decisions on how to use their resources for economic gain, without government interference or control.
Who now controls the oil industry in Mexico?
The State, by means of the government-owned "Petroleos Mexicanos - PEMEX" company.
What is a government owned bank?
A Government owned bank is one that is fully owned by the national government. They are also called Nationalized Banks or Public Banks. For ex: State Bank of India, Indian Bank, Indian Overseas Bank are all famous nationalized/government owned banks in India.
What is a government owned and operated business called?
Government Corporations
Who did communism affect?
Communism affected the people because they basically stole their land, owned EVERYTHING that they owned, and all together this gave the people practically no freedom. For instance, if you were to live here, all of your business that you thought you owned would be owned by the Government. Your home would be owned by the Government, that includes furniture, the home itself, materials, etc. You yourself would pretty much be owned by the Government. Every single property, including factories, farms, EVERYTHING was owned by the Government.
What are people owned by other people called?
Slaves
