1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
horrorfan [7]
3 years ago
15

Economic system in which the factors of production are owned by the government

Social Studies
2 answers:
Hitman42 [59]3 years ago
6 0

This economic system is called<em> socialism.</em>

Socialism is an economic system where everyone in the society equally owns the factors of production. The ownership as such is in the hands of the<em> government</em> that controls all means of production and distribution of goods.

The factors of production are : land, labor, capital and entrepreneurship.

In a socialistic economy, the land is owned by the state and private property is limited and difficult to obtain. Labor is heavily regulated and most people are employed in state-owned companies. Workers do not have many rights and they have to obey the government which also decides what is being produced and in which capacity ( planned economy ).

Socialism does not reward people for being entrepreneurial and competitive as competition is no existing and everybody reaps the same benefits of their work.

AURORKA [14]3 years ago
6 0

Answer:

socialism

Explanation:

You might be interested in
A retention of skills and dispositions without conscious recollection is known as ________â memory.
SIZIF [17.4K]
The answer is the implicit memory in which it is the retaining of skills and dispositions deprived of conscious reminiscence. The implicit memory is sometimes mentioned to as unconscious memory or automatic memory. The implicit memory uses past involvements to remember things deprived of thinking about them. The enactment of implicit memory is permitted by previous experiences, no matter how long ago those involvements happened.
5 0
2 years ago
The city of mohenjo-daro, a city built by the harappan civilization, was located on the
nydimaria [60]
Was located on the banks of the river Ravi
5 0
3 years ago
what were the intellectual contributions and roles that islam has played in history and our modern times today
Butoxors [25]
Algebra, Geometry, Physics, Chemistry, Science of Mechanics, Camera Obscura, Theory of Relativity, Geography, Paper Making, and Advances in Industry.
3 0
3 years ago
GIVING BRAINLIEST!!!
SCORPION-xisa [38]
The first answer is France and the second blank is doubled.
7 0
3 years ago
Why was stock bought on margin considered a risky investment?
avanturin [10]

Answer:

Stocks bought on margin are considered risky investments because these stocks are purchased with a loan and therefore, require a higher return in order for the holder to make money and repay the loan that was taken.

Explanation:

If my answer is incorrect, pls correct me!

If you like my answer and explanation, mark me as brainliest!

3 0
2 years ago
Other questions:
  • Jose is experiencing a state of extreme self-focus and attention. His brother is trying to get his attention, but he ignores him
    9·1 answer
  • What period of Georgia history with these products have been most likely to have been profitable
    7·1 answer
  • I need to know the answers. I’ll mark first answer that makes sense brainliest
    12·1 answer
  • Although Mark realizes his behavior is unreasonable, he is so distraught by high bridges that he avoids them and takes an unnece
    13·1 answer
  • Which is the best definition of suspense? sadness anxiety over what is going to happen contrast between what is said and what is
    9·2 answers
  • Elected in a closed caucus · Schedules legislation for its party · Helps coordinate support for legislation · Is generally the s
    13·1 answer
  • A new calendar day begins at
    5·2 answers
  • Write a diary entry as if you were in Andersonville during the civil war.
    13·1 answer
  • 1. State four spheres that influence the moral education.​
    13·1 answer
  • TRUE OF FALSE
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!