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In a socialist economy most means of production are owned and controlled collective by whom?
the government
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Which of these describes a controlled econmic system?
The government makes decisions about production and distribution of goods and services.
Is it a free market economy or a government controlled economy in haiti?
It is a controlled by the government
How many different economic systems exist?
Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.
A system in which all the means of production are owned and controlled by the government is known as?
A command economy :)
Who did marx believe should completely controlled production?
The inhabitants of planet earth.
In a socialist economy most means of production are owned and controlled collective by whom?
the government
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Which of these describes a controlled econmic system?
The government makes decisions about production and distribution of goods and services.
What does a government controlled economy have?
Government controlled economy or "planned economy" refers to " is the economic system in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency."
Which countries had the government control the production of their World War 2 weapons?
well all of em... the military budget is not decided at random you know.( they always controlled the production of their weapons and equipment before and after WW2 )
Is it a free market economy or a government controlled economy in haiti?
It is a controlled by the government
Is delhi police controlled by delhi government or central government?
The police in Delhi are controlled by the Delhi government.
What are the seven traits of totalitarianism?
In a totalitarian state all economic activity is controlled by the state. It is usually led by a dictator, all production of foods and goods are controlled by the state, the government controls all media so there is no freedom of press, and a person is absolutely not allowed to speak out about the government.
Who controlled the government in Papal States?
The papacy, or the pope's 'government' controlled the papal states.
How many different economic systems exist?
Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.
