- 1.Free Enterprise System ------ C.private ownership of capital
The Free Enterprise System is the mode of production based on the private ownership of the means of production, where a class is exploited so that the owner earns the highest possible profit, with the workers being wage earners and free.
- 2.mixed economy ---------- B.private and state ownership of business
A mixed economy company is a company that results from the union between the state and private entities. Usually, but not necessarily, the company's capital is opened, with shares traded on the stock exchange, and shared between individual shareholders and / or legal entities.
- 3. the former Soviet Union ---------- A.command economy
The economy of the Soviet Union was based on a system of state ownership of the means of production, collective farming, industrial manufacturing and centralized administrative planning. The economy was characterized by state control of investment, public ownership of industrial assets, macroeconomic stability, insignificant unemployment and high employment security. These are strong features of command economy where production is prior and rationally planned by specialists; the means of production are the property of the State; and economic activity is controlled by a central authority that sets production targets and distributes raw materials to production units.
- 4. land and capital ---------- D.factors of production
In economics, factors of production are the set of elements indispensable to a productive process, be it a good or a service. Traditionally, economists have identified three essential factors for the production of a good or service: land, labor, and capital
