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mixed economy
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.
Free Enterprise
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Factors of production.
mixed economy
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.
Free Enterprise
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
Factors of production.
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
True
truetrue
individuals are free to own and control the factors of production.
individuals who decide how the factors of production should be used. A+
Yes, the means of production, and the system that supports it, are all resources.
Demand-Production-Distribution/Supply