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Socialism
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An economic system in which the factors of production are owned by the public and operated for the welfare of all is?
Socialism
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.
Which economic system does the United States have?
The US has a mixed-market economic system.
Economic system which government controls the factors of production for the public good?
Under state capitalism, the government controls the means of production. But this is for the benefit of the ruling class, not for ‘the public good’.
What is the most common economic system in the world?
Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.
An economic system in which the factors of production are owned by the public and operated for the welfare of all is?
Socialism
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.
Which economic system does the United States have?
The US has a mixed-market economic system.
What is the meaning of production in economic system?
oliver vaughan
Economic system which government controls the factors of production for the public good?
Under state capitalism, the government controls the means of production. But this is for the benefit of the ruling class, not for ‘the public good’.
What is the most common economic system in the world?
Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.
What is it when people traded goods?
A trade, an exchange, or barter. An economic system which operates without money is called a barter system.
In which economic system does the government own the means of production?
command
Economic system based on industrial production?
industrial capitalism
What are the Functions of economic system?
The four functions of economic systems; Production, Allocation, Distribution and Regeneration.
What is economic systems jntu kakinada topics?
An economic system is a mechanism which deals with the production,distribution
What are the functions economic system?
The four functions of economic systems; Production, Allocation, Distribution and Regeneration.
