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the government dose
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∙ 13y ago
Sakhumuzi Sithebe
Messi
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What is the name of an economic system in which private citizens own the factors of production?
I believe the answer is "a command economy"It is market economy
Would the production-possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
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.
What advantages does Cuba have being a command economy?
Because in a command economy the government is in charge of most if not all of the 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 is the name of an economic system in which private citizens own the factors of production?
I believe the answer is "a command economy"It is market economy
Would the production possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
Would the production-possibility frontier look different in a command economy?
The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.
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.
What advantages does Cuba have being a command economy?
Because in a command economy the government is in charge of most if not all of the factors of production.
In a what does the government controls production?
Command economy
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!
Why is there less economic growth with a command economy?
There is no motive to expand the economy in a command economy, whereas there are investors, changing demands, and prerogatives to improve production in a capitalist economy because of the competition that is lacking in a command economy.
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
What government decides the production and distribution of goods?
command economy
In a command economy economic decisions are mostly influenced by?
Its the government because its the one that control all means of production.
What is an economy where government owns all production and industry?
Command Economy.
