In which method are the factors of production owned by the state ? (A) Market system (B) Socialine (C) Mixed Economy (D) Military rules
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Factors of Production Definition - Investopediahttps://www.investopedia.com › ... › Accounting
These include any resource needed for the creation of a good or service. The factors of production are land, labor, capital, and entrepreneurship.1; The state ...
Missing: Socialine Mixed Military
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Factors of production are generally owned by
For example, private enterprises and individuals own most of the factors of production in capitalism. However, collective good is the predominating principle in socialism. As such, factors of production, such as land and capital, are owned and regulated by the community as a whole under socialism.
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