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Under which economic system would factors of production most likely be owned by the government?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
Karaline Fulk
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How did Confucianism and the meritocracy of scholars influence the expansion of the Chinese economy before 1910 economic factors?
Likely by increasing the level of human capital (skill), government efficiency (via bureaucracy), and maintaining a stable political foundation for enforcement of economic rules (e.g.) contracts).
What would people who operate using the laissez-faire economic system most likely do?
They would likely oppose any interference from the government.
Which situation most likely results when the government lowers interest rates to banks?
Economic activity increases.
How would the U.S. government most likely react to a boom in the economy?
raise taxes to avoid-out-of-control economic growth
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
How did Confucianism and the meritocracy of scholars influence the expansion of the Chinese economy before 1910 economic factors?
Likely by increasing the level of human capital (skill), government efficiency (via bureaucracy), and maintaining a stable political foundation for enforcement of economic rules (e.g.) contracts).
What would people who operate using the laissez-faire economic system most likely do?
They would likely oppose any interference from the government.
Which situation most likely results when the government lowers interest rates to banks?
Economic activity increases.
Which factors is most likely to have contributed to the high fertility rate in Africa?
Lack of economic opportunity for women.
How would the U.S. government most likely react to a boom in the economy?
raise taxes to avoid-out-of-control economic growth
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What is the most likely reason that farmers experienced an economic downturn in the 1920s?
The droughts and the high costs for food production were the likely reason that they experienced economic hardship during this time. The droughts had an immediate and direct impact on the farmers and their productivity. Therefore, this prevented subsidies from being given away for farming.
What would be the conyaer belt of mcdonalds?
The conveyor belt of McDonalds would refer to their meat factory where their meats come from. This could refer to an economic term, but is likely regarding production.
What is an explosion in the economy's ability to produce?
An "explosion" in the economy's ability to produce would likely refer to a positive thing. This means there has been a sudden, drastic improvement in economic production.
Which situation most likely results when the government raises interest rates to Banks?
Fewer citizens borrow money to buy houses or cars
When is the only time a nation is close to full employment?
1) When it becomes a communist nation.2) Or a Totalitarian fascist nation such as nazi germany. Hitler built autobahns, infrastructure and weapons by putting people to work (paid work not slave) before the war. wont see that in a democracy3) That is true! Basically, capitalism under a democratic government could not strive in a fully employed nation, the economic system would be undermined. So, government systems that do not perpetuate a capitalist society are more likely to run a "close to fully employed" nation. In this situation, work is for the purpose of production, and not personal economic gain through a competitive economic system.
What is the name of the government when someone controls the economic and political matters?
Dictatorship, or Monarchy dependning on how strict it is However, if there is a King or Queen it's a Monarchy, a chancellor or dictator is most likely a dictatorship.
