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The National Bank and the government work together to influence the economy. They don't, however, control the economy because we are talking about an unplanned (= capitalist) system.
The ultimate aim, hence, will be to maximize revenue or profit.
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Which economic institution is also part of the legal system?
New York Exchange
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.
How does the government control the economic system?
the government controls the economic system through banks taxes and other ways inwhich we may not think of.
Which of the following is a goal of the leaders of most economic systems?
The most basic economic institution in market economies is the system of markets.
What is an economic system where the government owns and controls the means of production?
socialism.
Which element controls and maintains a capitalistic economic system?
competition
Which economic institution is also part of the legal system?
New York Exchange
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.
How does the government control the economic system?
the government controls the economic system through banks taxes and other ways inwhich we may not think of.
Which of the following is a goal of the leaders of most economic systems?
The most basic economic institution in market economies is the system of markets.
What is the economic system in which a state controls trade and profit for good of state?
capitalism
What is an economic system where the government owns and controls the means of production?
socialism.
What element controls and maintains a capitalistic economic system?
TAXATION,answerd by Robert hardy
Who controls the prices of goods and services in the economic system communism?
The government decides where to invest resources.
How do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
What are the disadvantages of dowry system?
The Dowry System leads to unplanned pregnancy.
In a capitalist economic system who owns and controls the means of production?
If you're thinking in the Marx context, the term is bourgeoisie.
