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Who owns the resources in market economy?
Consumers
What factors and resources does the government own in a centrally planned economy?
The factors and resources that the government owns in a centrally planned economy include decisions, pricing, and the entire market.
Who owns the resources in mixed economy?
government
Who owns traditional economy resources?
The government and the kids of the w
Which economic institution owns the factors of production in a market economy?
communism households
Who owns the resources in market economy?
Consumers
What factors and resources does the government own in a centrally planned economy?
The factors and resources that the government owns in a centrally planned economy include decisions, pricing, and the entire market.
Who owns the resources in mixed economy?
government
Who owns traditional economy resources?
The government and the kids of the w
Which economic institution owns the factors of production in a market economy?
communism households
What are two kinds of economic systems?
Market Economy: Resources are publicly owned, consumers decide how resources are allocated. Command Economy: Resources are publicly owned, government decides how resources are allocated.
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
Who owns the factor of production in a market economy?
factors of production by govt. , by society and privetly
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.
Who owns businesses in a mixed economy?
In a mixed economy the owner owns a business.
Who owns business's in a mixed economy?
In a mixed economy the owner owns a business.
What is a market economy based on?
A market economy is an economy in which decisions regarding investment, production and distribution are based on market determined supply and demand. Prices of goods and services are determined in a free priced system
