In which type of economy does the government control all of the factors of production

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Foster

3 August, 07:56

In which type of economy does the government control all of the factors of production

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Tyson Hunter · Answer 1

In which type of economy does the government control all of the factors of production?

Communism

Explanation:

Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided.

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