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In this type of economy the government owns the basic means of production?
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∙ 10y ago
Socialism
Wiki User
∙ 10y ago
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In what type of economy the government owns the basic means of production?
A Communist Economy. ------ Socialism
In a socialist economy most means of production are owned and controlled collective by whom?
the government
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
How do free market and mixed economy differ?
A free market economy is one in which the means of production (land, labor, capital, and entrepreneurship) are held and owned by individuals. A mixed economy is (strictly speaking) one in which at least some means of production are owned by the government. In practice, it usually refers to an economy where some of the biggest firms are owned by the government, and a substantial portion of the GDP is generated by government owned firms.
What Countries with a capitalist view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
In what type of economy the government owns the basic means of production?
A Communist Economy. ------ Socialism
A system in which all the means of production are owned and controlled by the government is known as?
A command economy :)
In a socialist economy most means of production are owned and controlled collective by whom?
the government
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
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.
How do free market and mixed economy differ?
A free market economy is one in which the means of production (land, labor, capital, and entrepreneurship) are held and owned by individuals. A mixed economy is (strictly speaking) one in which at least some means of production are owned by the government. In practice, it usually refers to an economy where some of the biggest firms are owned by the government, and a substantial portion of the GDP is generated by government owned firms.
What Countries with a capitalist view of society have which type of economy?
Capitalist would be the type of economy. An economy run by the free market, and has little-to-no government regulation.
Does the US have a communist government or capitalist?
YES. The US is a mixed economy, but is primarily a free-market capitalist economy. Most businesses are owned by private individuals and the government does not control investment or business choices.
The law of increasing costs means that when an economy increases the production of one item .?
what law of increasing costs means that when an economy increases the production of one item _____.
What statement describe one major aspect of a command economy?
Supply and demand determines what will be produced.
What is The economy of the US is a?
the economy of the us is a
What is the economy of the US called?
Mixed Economy
