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An economic system in which the government owns major industries but allows private ownership of other businesses is called?
Wiki User
∙ 11y ago
Socialism. Complete ownership by the state is Communism.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agocommand
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How might widespread public ownership of businesses and extensive government regulations have impacted?
Widespread regulation and government ownership always hinder economic growth and efficiency, whether in India or elsewhere.
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
Perestroika was the economic plan of?
Perestroika was an economic policy of Mikhail Gorbachev. It was the first time that private ownership of businesses was legal in the Soviet Union.
Which economic system is characterized by much government involvement lack of private ownership and elimination of economic classes?
planned
What economic system has government ownership of the means of production and distribution?
Communism
How might widespread public ownership of businesses and extensive government regulations have impacted?
Widespread regulation and government ownership always hinder economic growth and efficiency, whether in India or elsewhere.
Economic system in which private businesses run most industries?
Capitalism is an economic system in which individuals and private businesses run most industries
Perestroika was the economic plan of?
Perestroika was an economic policy of Mikhail Gorbachev. It was the first time that private ownership of businesses was legal in the Soviet Union.
A key principle of the economic theory of communism is?
government ownership of property
What type of political system has collective government ownership of the economic system?
Socialism
Which economic system is characterized by much government involvement lack of private ownership and elimination of economic classes?
planned
What economic system has government ownership of the means of production and distribution?
Communism
What happens with laissez - faire economic policies?
The government takes a "hands off" approach to businesses
A economic system is characterized by much government involvement lack of private ownership and elimination of economic classes.?
The answer is Mixed
Who makes economic decisions in South Africa?
Both the government and private owners makes economic decisions because the government has control over certain important industries, such as Eskom, while private owners control other important industries.
What is indigenisation?
Indeginisation is a policy process of transfering ownership,control,management from foreigners businesses to encourage indegenes to have full participation of economic activites.
What are they doing about businesses when the government has laissez-faire economic policies?
Leaving it alone ~ apex
