State capitalism.
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.
The government owns most economic resources with a command system.
government units
A basic characteristic of a command system is that the government owns most economic resources.
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
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.
The government owns most economic resources with a command system.
government units
A basic characteristic of a command system is that the government owns most economic resources.
The government decides where to invest resources.
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
How are the resources distributed?
an economic system in which the central government directs all major economic decisions
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
CommunismNovaNet
Libya has a command economy. Also known as controlled or planned economy. This is where a government retains the power to decide how the nations economic resources should be allocated. It has complete control over how theses resources are used.
An Economic system