Is capitalism associated more with a market or command economy? Why would capitalism be able to do "millions of things better" than a centrally planned economy? What things do you think a capitalist society would be more successful at than a centrally planed society?

Q: What is the value base of communitarian capitalism?

A: The philosophy of communitarianism emphasises the individual's relationship to the greater…

Q: Which of the following is an advantage of capitalist economy? a. Maximization of welfare b. Absence…

A: In a capitalist economy, the property and goods are owned and contolled by private individuals. The…

Q: what theory is biased on the idea that two economic systems capitalism and socialism will eventually…

A: In economics, there are different approaches to see the world and there are different ways to deal…

Q: What are the four basic economic questions? How are they answered in a capitalist economy?

A: The four basic questions concerning an economy are: (a) What and how much quantity of goods and…

Q: Is Conscious Capitalism an illusion? Can someone please explain with an citation at the end.

A: Capitalism is a monetary framework dependent on the private responsibility for method for creation…

Q: Karl Marx believed that capitalism was a necessary, if unhappy, stop on the road to a higher order…

A: The system being based upon the private ownership of the production means as well as their operation…

Q: What are some deficiencies of the capitalist model?

A: Capitalism governs most of modern Western life. Private property, private ownership of the factors…

Q: Which Characteristics of economy system are the most important to a capitalist economy

A: Capitalism is the most noticeable in our present worldwide financial framework. Its principal…

Q: Why mainstream economics has intentionally misinterpreted the pioneers of economic theory?

A: The economics is the social science that studies the allocation of scarce resources and how the…

Q: Which of the following is not correct about a socialist economic system? a. Absence of Economic…

A: Socialist economic system: Socialist economic system is a type of economic system in which all the…

Q: Can you explain how economic systems shape and influence ideologies?

A: Economic system may be planned or unplanned.

Q: What is “upward and downward causation” in institutional economics?

A: The term institutional economics was announced by Walton Hamilton at a meeting of the American…

Q: Which one of the following occurs in capitalistic economy? a. Means of production are owned by the…

A: Capitalism is defined as an economic system which is characterized by private ownership of the means…

Q: Islam gives complete freedom to economic enterprise with ________ a. None of the options b.…

A: Answer Option 'C' is correct.   Islam gives complete freedom to economic enterprise with some…

Q: How many varieties of capitalism is there?

A: Capitalism is an economic system based on the private ownership of productive assets and their…

Q: Friedrich Hayek advocated for an economic system based on

A: In 1899, in Vienna, Austria, a famous economist was born. Friedrich Hayek is well-known in the…

Q: What is the main difference between free-market systems and planned systems?

A: A market is a gathering area where people can come together to exchange products and services.…

Q: While fascist movements emerged in virtually every industrial capitalist country after World War I,…

A: After the World War 1, Germany was suffered lot. The treaty of Treaty of Versailles was vied by…

Q: What thing is considered as an integral part of the capitalistic economy? One word

A: According to the given question Actually the capitalistic economy is also known by the other name…

Q: What is the closest example to a command economy?

A: The communist society refers to the command economy. In a command economy, there is a monopoly that…

Q: Briefly list and explain each of the eight main shortcomings of the capitalist, free-market…

A: Owners of wealth, property, ability to traverse capital, or production ability in capital and…

Q: How is the problem of what and how much to produce resolved in the capitalist system?

A: A capitalist system is an economic system where private enterprises own and control the resources of…

Q: Analyze three ways that societies can organize themselves economically. Justify reasons most modern…

A: The three ways in which societies organize themselves economically are discussed below:

Q: Karl Marx envisioned a perfect society that would be based on a smoothly running capitalist system…

A: Communist society is a type of societal structure postulated in the Marxist thought that…

Q: Why is instability of capitalism such as, recession, a struggle for many?

A: Recessions are frequently best portrayed humorously. "You can bet your neighbour will lose his or…

Q: Do you think a free market or a command economy is more likely to encourage productive and…

A: Command economy and free market are two opposite firms of an economy because command economy is the…

Q: What aspects & principles characteristic of non-market systems are important in our market economy?

A: A non-market system is an administered price system in which the prices of properties are set by an…

Q: How does the welfare state help stabilise the capitalist system?

A: How does the welfare state help stabilize the capitalist system? Capitalism(private ownership)…

Q: How is capitalism thought to benefit society?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: What are the features of the socialistic economy?

A: According to the given question In Simple words we can say that a socialist economy is that type of…

Q: what is the major economic schools of thought?

A: A school of economic thought deal with economists who have a particular view or perspective…

Q: Describe some of the basic components of the evolution of capitalism?

A: Capitalism is an economic system in which there is dominance of private entrepreneurs. A capitalist…

Q: Which of the following criteria could indicate centrally planned socialism as en economic system?…

A: A centrally planned socialism can also be referred as command economic system where central…

Q: Smith and Marx have schematized the phases of development in the course of history. Discuss why they…

A: The main features of the classical theory are it is based on lasers fire policy and capital…

Q: Which of the following is an advantage of socialist economy? a. Economic stability b. Bureaucratic…

A: In the socialist economy, goods and services are solely produced for the consumption purpose. All…

Q: How do a capitalist economic system influence safety and health

A: Capitalism is commonly conceived of as an economic system in which individual actors own and control…

Q: Why fraud and many illegal things are related to capitalist system?

A: Capitalism is a market system in which there is no or little government intervention. The private…

Q: Why is Private Property and Competition are the most important to a capitalist economy?

A: A capitalist economy refers to an economic system in which the private agents own and control the…

Q: What do you think is/are the most effective and efficient economic system? Explain your answer…

A: The most effective and efficient economic system is mixed economic system. In this, there is a blend…

Q: What is the class relationship at the core of the Capitalist economic system

A: Capitalism is frequently considered as an economic system in which private entertainers own and…

Q: Give one merit and one demerit of a socialist economy?

A: A socialist economy is the one in which all the considered legal production and decisions related to…

Q: What are the central features of capitalism as an economic system?

A: GIVEN    the central features of capitalism as an economic system