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Earn +20 ptsQ: What is an economy where government owns all production and industry?
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Continue Learning about American Government
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
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