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
melisa1 [442]
3 years ago
10

What economic system has a privately owned means of production

Social Studies
1 answer:
Cerrena [4.2K]3 years ago
5 0

A market economy system is characterized by privately owned means of production.

In a market economy the economic agents own the factors of production and are free to offer them in the factor markets in exchange for a retribution.

In this system, the prices and the quantities exchanged are decided in the markets, after the interactions of the aggregate desires of all consumers and producers. There are almost no interventions from the goverment.

<u>On the other hand, a centrally-planned economy</u> would be a system in which the means of production are collectively owned by the whole society, and therefore, are in hands of the public authorities.

You might be interested in
Which three skills were common to hunter-gatherers in the Paleolithic age?
Naya [18.7K]

Answer:

I believe it is A, B, and E. Hope this helps! :)

Explanation:

7 0
3 years ago
Read 2 more answers
Official currency of the federal republic of nigeria
Helga [31]

Answer:

Nigerian naira

Explanation:

8 0
2 years ago
According to the passage, how were people in democracies similar to people in the Soviet Union?
zhannawk [14.2K]

Answer:

A. Like the Soviets, people in democracies B. Like the Soviets, people in democratic

were not worried about a different form of

societies also felt communism was an

attack on liberty and freedom

government

C. Like the Soviets, people in democracies

thought communists were spies.

D. Like the Soviets, people in democracies

worried about a different form of

government

5 0
3 years ago
Widespread adoption of intermediate sanctions may further exacerbate ________ in prison populations
eduard
The correct answer that would best complete the given statement above would be RACIAL DISPARITIES. <span>Widespread adoption of intermediate sanctions may further exacerbate racial disparities in prison populations. Intermediate sanctions is defined as </span><span>new punishment options developed to fill the gap between traditional probation and traditional jail or prison sentences </span>Hope this answers your question. Thanks for posting it. 
7 0
3 years ago
Find out about two important work that has been taken up by Municipal Corporation in your area.​
goblinko [34]

<u>Explanation:</u>

First, one may ask, <em>what is a Municipal Corporation? </em>Well in simple words, it refers to a system of local government that is given the right to administer the affairs of an urban area rather than waiting for the federal government to do so. It is commonly practiced in the country of India.

For example, two important work that may be taken up by Municipal Corporation includes;

  • running the operations of social facilities such as schools and hospitals.
  • administer the maintenance of the environment such as the collection of garbage in the streets, repairs of roads, street lights, etc.

6 0
3 years ago
Other questions:
  • What did the remainder of the crusades in the 13th aim at achieving
    7·2 answers
  • Wilbur is 68 years old and is sitting in his recliner reflecting on the mistakes he made, as well as his dreams that went unfulf
    15·1 answer
  • Kay, an art collector, promised Hammer, an art student, that if Hammer could obtain certain rare artifacts within two weeks, Kay
    11·1 answer
  • Although oxytocin has been tied to a variety of prosocial behaviors such as "love" and "trust," some researchers believe that in
    15·1 answer
  • Which of the following comments is most likely to be made in a group characterized by groupthink?A. "In order to proceed democra
    15·1 answer
  • In an experiment, two groups of dogs are given shocks to their feet. One group is able to escape the shocks by jumping over a ba
    9·1 answer
  • Mention 4type of work​
    13·1 answer
  • A brochure that is vague will give the impression that the writer lacks Multiple choice question. social skills. authority. cred
    11·1 answer
  • Which Countries gained land between 1754 and 1763?
    15·1 answer
  • .
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!