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’.
State capitalism (though I don’t think it would be for the public good).
SOCIALISM
Hmm
socialism
communism
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.
Command economy. wrooooooong!
The capitalist class.
both the government and private sectors
communism
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.
Command economy. wrooooooong!
The capitalist class.
both the government and private sectors
communism
communism
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Factors of production.
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
governmentThe government
True
truetrue