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The people as a whole rather than private individuals.
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∙ 13y ago
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In what type of economy the government owns the basic means of production?
A Communist Economy. ------ Socialism
Who owns the factor of production in a market economy?
factors of production by govt. , by society and privetly
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
What system in which society owns and controls the means of production?
Socialism is a system where the means of production are owned and controlled by the society as a whole rather than by individuals. This can be achieved through government ownership, cooperative ownership, or a combination of both.
In a communist society who owns the means of production?
farmers
Government owns all means of production?
State capitalism.
In this type of economy the government owns the basic means of production?
Socialism
In a communist society who owns the means of production banks government farmers businesspeople?
The government owns everything. The people don't own anything. The government also tells people where to live, where to work, the government owns the newspapers, TV channels, and blocks internet access. In a communist government people do not have rights.
Public ownership of the basic means of production distribution and exchange?
That would be state capitalism, with the government owning the means of production. In Socialism, there is no exchange, and the whole community owns the means of production.
What is the Term That descibes System In Which Publc Owns The Means Of Production?
The Communist system.
What is a socialist country in which the government owns health care and communications?
The Socialist Republic of Vietnam.
What is government control of land and other means of production called?
Federal Land i.e. national parks, federal buildings
