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What is an economy where government owns all production and industry?
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∙ 14y ago
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What government owns and operates the factors of production?
Command
What is it called when a government runs an industry?
When a government tells the owners of an industry what to make and how much, that is called fascism. When the government owns the factories and machinery and employs the managers, that is called socialism. Both are dictatorial in nature and the opposite of freedom.
In a capitalist system the government owns property and decides how to use it true or false?
In a state capitalist system, the government owns the main means of production and decides how they are used. In other forms of capitalism, private capitalists do so. But all types of capitalism involve ownership and control by the capitalist class.
What percentage of AIG is owned by the government?
The US Government now owns 80% of AIG.
Who is the person who owns the state government?
all the people living in that state
Economy where government owns all industry and production?
Socialism
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 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
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 resources in mixed economy?
government
