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What term describes the system in which the public owns the means of production?
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∙ 7y ago
socialism
Stefanie Little
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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’.
Do economic resources include both production and the factors of production?
Yes, the means of production, and the system that supports it, are all resources.
In which economic system does the government own the means of production?
command
Which economic system does the United States have?
The US has a mixed-market economic system.
What economic system does the United States have?
free enterprise system!!
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’.
Public ownership of the basic means of production distribution and exchange?
That would be state capitalism, with the government owning the means of production. In Socialism, there is no exchange, and the whole community owns the means of production.
What system puts the means of production in the hand of private owners?
Capitalism is the stystem whereby private owners own the means of production; contrasting with communism where it is owned by the state or 'the people.' However it is not as clear cut as that, as in several mixed economies different means of production are owned by the private or public sector; do acknowledge that there is no 100% communist or capitalist system that has ever worked or been suggested as a viable possibility.
What is the Term That descibes System In Which Publc Owns The Means Of Production?
The Communist system.
Do economic resources include both production and the factors of production?
Yes, the means of production, and the system that supports it, are all resources.
In which economic system does the government own the means of production?
command
Which economic system does the United States have?
The US has a mixed-market economic system.
What economic system does the United States have?
free enterprise system!!
What is the system that proposed government ownership of the country's means of production?
Socialism
What system puts the means of production in the hands of private owners?
Capitalism
What is The economy of the US is a?
the economy of the us is a
What is the economy of the US called?
Mixed Economy
