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tino4ka555 [31]
4 years ago
11

In what system do private owners control production

History
1 answer:
ELEN [110]4 years ago
3 0

The economic system that consists of private owners controlling production is Capitalism. Capitalistic ownership dwell on four factors: <em>entrepreneurship</em>, <em>capital goods</em> (man-made items use to produce services), <em>natural resources</em> (materials from the Earth that people use to their needs) and <em>labor</em> (physical, mental and social effort used to produce goods in an economy).

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