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distribution and industry are Private_propertyOwnershipand operated for a private Profit_(economics)

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Who owns the factors of production in market economy?

factors of production by govt. , by society and privetly


Who controls production in a pure market economy?

The people (aka. consumer sovereignty).


Who owns the factor of production in a market economy?

factors of production by govt. , by society and privetly


In a free market economy firms purchase from households?

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Which economic institution owns the factors of production in a market economy?

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What is the name of an economic system in which private citizens own the factors of production?

I believe the answer is "a command economy"It is market economy


What is the basis of a market economy?

Supply And Demand is the basis of most activity in a market economy.


Who owns the factors of productiom and makes economic decisions in a market economy?

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.


How did the command economy under Stalin differ from a capatalist economy?

A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.


Would the production-possibility frontier look different in a command economy?

The production-possibility frontier would not look different in a command economy compared to a market economy because the PPF equate the rates of production between two goods which both use equal factors of production.


Would the production possibility frontier look different in a command economy?

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