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Who controls the factors of production in a capitalist economy?
Wiki User
∙ 10y ago
The capitalist class.
paulbenn
Wiki User
∙ 10y agoThe government.
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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 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!
What advantages does Cuba have being a command economy?
Because in a command economy the government is in charge of most if not all of the factors of production.
Who owns the factors of production in a traditional economy?
The question is nonsensical. The factors of production require the existence of a consistent production, but this does not exist in a traditional economic system. All things that are produced are produced using common materials that are available to all and items are only created when they are necessary - not when a factory owner chooses to produce.
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 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!
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
What advantages does Cuba have being a command economy?
Because in a command economy the government is in charge of most if not all of the factors of production.
Who owns the factors of production in a traditional economy?
The question is nonsensical. The factors of production require the existence of a consistent production, but this does not exist in a traditional economic system. All things that are produced are produced using common materials that are available to all and items are only created when they are necessary - not when a factory owner chooses to produce.
What two factors that cause technology to progress?
A well developed educational system and a competitive (capitalist) economy.
What are two factors that cause the technological to progress?
A well developed educational system and a competitive (capitalist) economy.
Who owns the factor of production in a market economy?
factors of production by govt. , by society and privetly
What are the factors of production in a command economy?
the government dose
What determines the amount of output an economy produces?
The factors of production and the production technology determine the economy's output of goods and services. An increase in one of the factors of productionor a technological advance raises output.
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.
