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In which economic system does the government own the means of production?
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∙ 12y ago
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Wiki User
∙ 12y ago
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What economic system has government ownership of the means of production and distribution?
Communism
What is an economic system where the government owns and controls the means of production?
socialism.
Which of the foln which type of economic system does the government control the means of production and distribution?
socialism :)
Which economic system does the United States have?
The US has a mixed-market economic system.
Under which economic system would factors of production most likely be owned by the government?
Communism is one chief example where production is a ward of the state. In this system the means to production and national resources are communal rather than private property.
What is an economic system where the government owns and controls the means of production?
socialism.
Which of the foln which type of economic system does the government control the means of production and distribution?
socialism :)
What economic system has government ownership of the means of production and distribution?
Communism
Under what system does the government owns nearly all the means of production and directs all important economic activities?
Socialism
Which economic system does the United States have?
The US has a mixed-market economic system.
Under which economic system would factors of production most likely be owned by the government?
Communism is one chief example where production is a ward of the state. In this system the means to production and national resources are communal rather than private property.
How is Jamaica's economic system similar to the US economic system?
Jamaica is a capitalist country. The government does not attempt to control the farms or factories and consumers have a choice of goods and services.
Do economic resources include both production and the factors of production?
Yes, the means of production, and the system that supports it, are all resources.
What kind of economic system does Poland have?
Capitalist: class ownership, wages system, production for sale.
What can't capitalism do?
Capitalism may be defined as a political and economic system in which the means production of goods and severces in the hands of private individual and with low partispation from government
What is the role of the government in communism?
Communism is a socioeconomic system based on common ownership and a classless society. A communist government has an expanded role in economic matters and basically controthe means of production of the state.
What is government control of land and other means of production called?
Federal Land i.e. national parks, federal buildings
