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Economy where government owns all industry and production?

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Anonymous

∙ 16y ago
Updated: 11/10/2022

Socialism

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Wiki User

∙ 16y ago
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Related Questions

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

Command Economy.


Economy where government owns all industry?

COMMUNISM:(


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


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

A Communist Economy. ------ Socialism


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

both the government and private sectors


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

I put the question for people who doesn't know but i know it it is Socialism


When a government nationalizes an industry it?

owns it


Who owns the resources in mixed economy?

government


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


Who owns the factor of production in a market economy?

factors of production by govt. , by society and privetly

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