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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.
Economic decisions are based on supply and demand. A+
Mixed-market. A+
Agriculture drives the economy
An economic system should be driven by free market forces, not government intervention. A+
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.
Economic decisions are based on supply and demand. A+
mixed/command
Mixed-market. A+
mixed/command
Agriculture drives the economy
Mixed/Market
An economic system should be driven by free market forces, not government intervention. A+
a system indivivisuals own the factors of production and decide how to use them.
Mercantilism
communism
It has been a big failure.