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Who owns the factors of production in new zealand?

The ownership of factors of production in a country can vary depending on the economic system, the laws, and historical context. In New Zealand, the ownership of factors of production can be categorized as follows:

Land: In New Zealand, land ownership can take various forms. Large areas of land are privately owned by individuals or organizations. The government also holds a significant portion of land, including public reserves, conservation areas, and state forests. Māori iwi (tribes) have land ownership rights based on the principles of the Treaty of Waitangi, which address historical injustices and provide for the return or compensation for land taken by the Crown.

Labor: The labor force in New Zealand is primarily made up of individuals who work for private companies or organizations. However, there is also a public sector, which includes government agencies and state-owned enterprises, where a portion of the workforce is employed.

Capital: Capital, which refers to financial resources and physical assets, is predominantly privately owned in New Zealand. Businesses, both small and large, are largely privately held. However, there are also state-owned enterprises and government investments in certain industries.

Entrepreneurship: Entrepreneurship, the ability to start and manage a business, is primarily exercised by individuals and private entities in New Zealand. Individuals or groups may establish businesses, and the laws and regulations in the country support the growth of entrepreneurship and innovation.

While these categories provide a broad overview of ownership in New Zealand, it's worth noting that there are complexities and nuances within each category, such as the role of foreign investment, joint ventures, and cooperative ownership models.

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