0
Free markets are owned by the govern,ent, and so everything inside that market is the government.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Which economic institution owns the factors of production in a market economy?
communism households
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
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 the resources in market economy?
Consumers
What company owns the worlds diamond market?
There is no one single company that owns the worlds diamond market. The DeBeers Organization, however, is a long-standing and seasoned business involved in diamonds -- worldwide. They do not own the market.
Who owns the factor of production in a market economy?
factors of production by govt. , by society and privetly
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
Which economic institution owns the factors of production in a market economy?
communism households
Who in Italy owns the factors of production?
well, it imports so many things that it also provides the needs and wants of the people who need them so basically Italy owns the production factor..............
Who owns the factors of production in cuba?
The government owns the factors of production. Since Cuba has a dictatorship and Raul Castro is now in charge, it can be said that he owns the factors of production.
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
What are the different between the free market and planned market?
a free market -capitalismeveryone participates for his own interestseach individual and business seeks to maximize it profitcompetitionplanned market/ controlled market- communism marketgovernment owns most prpoerty resoruces and economic decisions are made through a planning board appointed by the government.
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.
Key difference between state capitalism and free-market capitalism is?
It depends on whether the means of production are owned by the state (state capitalism) or by private capitalists (private capitalism). Free enterprise is a largely mythical variety of private capitalism.
Who hosts the x factor?
Simon Cowl produces the X-Factor as a record dealer.
Who owns x factor?
Simon cowl
Who owns the resources in market economy?
Consumers
