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What is the economic system where the government owns all of the resources and properties?
State capitalism.
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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.
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
Economic resources in the capitalist system are brought together by who?
government units
A basic characteristic of a command system is that?
A basic characteristic of a command system is that the government owns most economic resources.
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
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.
What is a basic characteristic of a command system?
The government owns most economic resources with a command system.
Economic resources in the capitalist system are brought together by who?
government units
A basic characteristic of a command system is that?
A basic characteristic of a command system is that the government owns most economic resources.
Who controls the prices of goods and services in the economic system communism?
The government decides where to invest resources.
How are the resources allocated in South Africa's Economic system?
South Africa has a capitalist economic system and resources are allocated based on who can buy them.
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
What question must be asked about resources in an economic system?
How are the resources distributed?
What is the economic system which has a socialist economic system and a totalitarian form of government?
CommunismNovaNet
What economic system does Libya use?
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.
What is the economic system?
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
What are the key features of a capitalist economic system?
A capitalist economic system is characterized by private ownership of businesses and resources, free market competition, profit motive, and minimal government intervention in the economy. This system allows individuals and businesses to make their own economic decisions and encourages innovation and entrepreneurship.
