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governmentThe government
Watson Dooley
Wiki User
∙ 8y agoCapitalism is exclusively an economic system where private companies drive a country's trade and industry. So, in terms of economics, capitalism leaves the wealthy industrialists and entrepreneurs in control of the economy. However, as concerns governments, capitalism provides no clear answer as to who is in power. Capitalism can occur under nearly any form of government, be it democracy, monarchy, autocracy, military junta, or a theocracy.
Wiki User
∙ 13y agoThe people would own the factors of production, in socialism it would be the government
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Who controls the factors of production in a capitalist economy?
The capitalist class.
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.
Who owns and controls the factors of production in a mixed economy?
both the government and private sectors
Who controls the factors of production in a market economy?
distribution and industry are Private_propertyOwnershipand operated for a private Profit_(economics)
What are factors of production name any four factors of production.?
Factors of production
Who controls the factors of production in a capitalist economy?
The capitalist class.
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 controls RBC production?
Red blood cell production, also called erythropoiesis, is mainly stimulated by a protein hormone called erythropoietin (EPO). Other factors, including cytokines like the colony-stimulating factors (CSFs) are also important.
Who owns and controls the factors of production in a mixed economy?
both the government and private sectors
Who controls the factors of production in a market economy?
distribution and industry are Private_propertyOwnershipand operated for a private Profit_(economics)
What are factors of production name any four factors of production.?
Factors of production
Under Socialism who controls production?
Under socialism, society controls the means of production.
What is an economic system in which the government decides what will be produced how it will be produced who gets what is produced and who owns and controls the major factors of the production?
Command economy. wrooooooong!
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’.
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Discuss the mobility of factors of production?
mobility of factors of production
Factors of production of photography?
what factors of production is needed for photography
