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.
Yes, the means of production, and the system that supports it, are all resources.
communism
You're dick grows smaller
Socialism
mixed economy
a system indivivisuals own the factors of production and decide how to use them.
Yes, the means of production, and the system that supports it, are all resources.
communism
You're dick grows smaller
Socialism
mixed economy
communism
I believe the answer is "a command economy"It is market economy
Free Enterprise
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.
Factors of production.
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.