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22 December, 15:07

In a free market economy, who owns the factors of production?

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  1. 22 December, 18:05
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    In a market economy the factors of production are owned by customers demand. As if customers demand increase (for instance) for mobiles and they are ready to pay high prices for it in a market then more firms in that market will start producing mobile
  2. 22 December, 18:52
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    Customers demand own the factors of production in a free market ecoonomy
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