mixed capitalism
Socialismsocialism(Kaylop)
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.
Communism is an economic and political system where the government owns and controls all resources and means of production, aiming for equality among all citizens. Capitalism, on the other hand, is a system where individuals and businesses own and control resources and means of production, with a focus on competition and profit.
Yes, the means of production, and the system that supports it, are all resources.
Factors of production.
Socialismsocialism(Kaylop)
"China used to be in communism laws"
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.
Communism is an economic and political system where the government owns and controls all resources and means of production, aiming for equality among all citizens. Capitalism, on the other hand, is a system where individuals and businesses own and control resources and means of production, with a focus on competition and profit.
Yes, the means of production, and the system that supports it, are all resources.
Factors of production.
Money, political resources, and infrastructure are not considered economic factors of production. Money is considered to be a factor used in trade, mostly. Money is used to trade or sell or buy something and for production to move as well. It can be a huge factor that contribute to production but it mostly envelopes the trade industry.
truetrue
communism
Socialism is when ownership of production and distribution is controlled collectively or by the government. The opposite of socialism is capitalism.
Great food production
Allocating