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What else can I help you with?
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 do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
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 type of economic system do most countries have?
Most countries today have a mixed economic system. This means that they combine elements of both market economies (where prices and production are determined by supply and demand) and planned economies (where the government controls production and prices).
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.
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 do you define planned economy?
An economic system in which the government controls and regulates production, distribution, prices, etc.
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!
In which political system does the government control the production of all food and goods?
A command economy, such as communism or socialism, is a political system where the government controls the production of all food and goods. This system aims to centrally plan and coordinate economic activities to achieve specific objectives.
What type of economic system do most countries have?
Most countries today have a mixed economic system. This means that they combine elements of both market economies (where prices and production are determined by supply and demand) and planned economies (where the government controls production and prices).
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.
Economic system which government controls the factors of production for the public good?
Under state capitalism, the government controls the means of production. But this is for the benefit of the ruling class, not for ‘the public good’.
In which economic system does the government own the means of production?
command
Are elements of the economic system of government?
production, manufacturing, and the distribution of goods
What type of economic system is being described the government owns the factors of production. The government answered the question of who what and how to produce. The government eliminates choice c?
The economic system being described is socialism. In socialism, the government owns and controls the factors of production, making decisions about what to produce, how to produce, and for whom to produce. This system aims to distribute resources more equitably among the population, often reducing individual consumer choice in favor of collective needs.
Who controls the prices of goods and services in the economic system communism?
The government decides where to invest resources.
What economic system is based on government control of all factors of production?
communism
