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What owns the factors of production?
Factors of production are typically owned by individuals, businesses, or the government. Land is owned by individuals or governments, labor is owned by individuals, capital is owned by businesses or individuals, and entrepreneurship is typically owned by individuals who take the risk to start and run a business.
What is the difference between private sector public sector?
A private sector in an economy is made up of all businesses and firms owned by ordinary members of the general public. It also consist af all the private households in which people lives..,whereas, public sector in an economy is owned and controlled by a government . It consist of government businesses and firms ,and goods and services provided by the government,such as the national health service, state education, jobs, roads, public parks and law and order. It also has something to do with 1.
What are the three types of Representative democracy?
The three types of representative democracy are parliamentary democracy, presidential democracy, and mixed democracy. In parliamentary democracy, the executive branch is drawn from the legislative branch. In presidential democracy, the executive branch is separate from the legislative branch. Mixed democracy combines elements of both parliamentary and presidential systems.
What are the three forms of democracy?
The three forms of democracy are direct democracy, representative democracy, and parliamentary democracy. In direct democracy, citizens directly participate in decision-making. In representative democracy, citizens elect representatives to make decisions on their behalf. In parliamentary democracy, the executive branch is accountable to the legislature.
Are there different types of liberal democracy?
Yes, there are different types of liberal democracy, such as procedural democracy, participatory democracy, and deliberative democracy. These models vary in their emphasis on different aspects of democratic governance, such as decision-making processes and citizen involvement.
What purpose of a government in an indirect democracy include?
to make money from government-owned businesses
What are unincorporated businesses?
Unincorporated businesses are businesses that are owned by individuals, not by the government.
A country in which some businesses are owned by individuals and other businesses are owned by the government has a?
(For Apex Learning) Mixed economy.
In Romania are businesses primarily privately owned or government owned?
Generally privately owned.
What is the name a business owned by a stockholder?
Corporations are businesses owned by stockholders
What is an independent business?
An independent business is one that is owned by a private company. Some examples of independent businesses are small business, locally-owned businesses, and startup businesses.
How is democracy found in businesses?
Equal voting right.
Who runs businesses in communism?
Businesses are owned by the State and are directed by bureaucrats appointed by the State.
What owns the factors of production?
Factors of production are typically owned by individuals, businesses, or the government. Land is owned by individuals or governments, labor is owned by individuals, capital is owned by businesses or individuals, and entrepreneurship is typically owned by individuals who take the risk to start and run a business.
Is hair dresser is owned by government?
Hair dressers' shops are normally privately owned businesses, however in comunist countries all businesses belong to the government.
What do you call countries in which businesses are owned by the government?
communism
An economic activity that provides services to businesses and consumers?
Democracy
