answersLogoWhite

0

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.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

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


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

communism households


Who owns and controls the factors of production in a mixed economy?

both the government and private sectors


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.


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 traditional economy?

The government and the kids of the w


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 traditional economy resources?

The government and the kids of the w


What is an economy where government owns all production and industry?

Command Economy.


In this type of economy the government owns the basic means of production?

Socialism


Who owns the capital tools and production of equipment in a command economy?

The government

Trending Questions
Does the flexibility of the body depend on its degree of elasticity? What does end column pricing mean? In economics the best definition of technology is? What is. Person called who lives on another persons land and pays rent and expenses for their own farming? How are economic questions answered in a command economy? Explain why there is a need for limited government regulation within the economy? What is international marketing? Which development of the Eisenhower years did the most to encourage economic growth in some areas but economic stagnation in others? If a firm's marginal tax rate is increased this would other things held constant lower the cost of debt used to calculate its WACC True or False? How are information systems transforming business and what is their relationship to globalization? What power do consumers hold? What is the definition of seize? Explain the effect of attitudes and values on an individuals perception of needs and wants? What is difference between resource allocation graph and resource allocation graph algorithm? What is the Difference between private and public expenditure? What wast the invisible hand theory proposed by Adam smith? What was the judgment interest rate in wv in 2006? With centrally planned on the left and free market on the right which of the following countries economic systems would be farthest to the right on the continuum of mixed economies? How much pound in Philippines peso? what is Adam Smith Modern theories of management?