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The economic and political system which the government owns almost all major factors of production?
Wiki User
∙ 11y ago
communism
Wiki User
∙ 11y ago
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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.
What economic system is based on government control of all factors of production?
communism
Who owns the factors of productiom and makes economic decisions in a market economy?
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.
Economic resources are also known as?
Factors of production.
What is an economic system in which the government decides what will be produced how it will be produced who gets what is produced and who owns and controls the major factors of the production?
Command economy. wrooooooong!
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.
What economic system is based on government control of all factors of production?
communism
Who insisted that type of government depended on economic and geographic factors?
Karl Marx insisted that the type of government depends on economic and geographic factors. He believed that the economic structure of a society influences its political structure and that different economic systems would result in different forms of government.
What are examples of political factors?
Examples of political factors include government stability, policy decisions, political stability, and regulatory changes. These factors can directly impact businesses by influencing economic conditions, trade relations, and market regulations.
Who owns the factors of productiom and makes economic decisions in a market economy?
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.
Economic resources are also known as?
Factors of production.
What is an economic system in which the government decides what will be produced how it will be produced who gets what is produced and who owns and controls the major factors of the production?
Command economy. wrooooooong!
Factors of production history?
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
What type of resource is not an economic factor of production?
Money, political resources, and infrastructure are not considered economic factors of production. Money is considered to be a factor used in trade, mostly. Money is used to trade or sell or buy something and for production to move as well. It can be a huge factor that contribute to production but it mostly envelopes the trade industry.
What political factors does the Japanese government have?
the Japanese government has many political factors. too many to count.so i refuse to write it!!
In the circular flow model economic resources is both production and the factors of production?
truetrue
In the circular flow model economic resouces is both production and the factors of production?
True
