Who controls the means of production in capitalism?
bourgeoisie
Who controls the means of production?
Namely there are two common ideas: Workers democratically operate and own the means of production, or the state operates and owns the means of production on behalf of the workers. Originally Answered: What do leftists mean when they say socialism is when “workers control the means of production”?
Who owns the factors of production in capitalism?
private enterprise
Who controls the means of production in communism?
In strict communist theory the “means of production” is collectively owned by the people in a community, to insure that all the people will get the products that they themselves desire.
What are the 4 means of production?
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
What affects cost of production?
A rise in the cost of raw materials, e.g. oil, plastic, and metal – will increase the cost of firms. Nearly all firms will be affected by higher oil prices – which increase the cost of transport. Tax. Higher national insurance (tax on workers) raises costs.
Which is a factor of 12?
The factors of 12 are 1, 2, 3, 4, 6, and 12, because each of those divides 12 without leaving a remainder (or, alternatively, each of those is a counting number that can be multiplied by another counting number to make 12).
What factor of production is the ship?
Shipyard need the facilities to build the ship in other words more capital. All the buildings and slipways in the shipyard physically exist, which means they use the other factor of production: land. Apart of the physical buildings, shipyard will also need manpower: labor.
What are the payments to the four factors of production?
In economics, factor payments are the income people receive for supplying the factors of production: land, labor, capital or entrepreneurship.
Is money a factor of production?
Money is not a factor of production. Money is used to purchase factors of production that may be used to produce goods and services.
What is money in factors of production?
In economic terms, money is not a factor of production because it is a resource used to acquire resources that go into producing goods. The factors of production are capital, labor, and land. However, it is not a factor of production. Money is used to purchase or pay for (in the case of labor) factors of production.