oliver vaughan
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
The US has a mixed-market economic system.
The system or range of economic activity in a country, region, or community.
Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.
Socialism
command
industrial capitalism
The four functions of economic systems; Production, Allocation, Distribution and Regeneration.
An economic system is a mechanism which deals with the production,distribution
The four functions of economic systems; Production, Allocation, Distribution and Regeneration.
is the system of production,distribution and consumption of goods and services of an economy
Yes, the means of production, and the system that supports it, are all resources.