Karl Marx envisioned a perfect society that would be based on a smoothly running capitalist system true or false?

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: which economic system did Ayn Rand claim was the best to support her theory?  a. socialism  b.…

A: Aye Rand was a writer and philosopher. She was born in Russia.

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: Adam Smith believed that since businesspeople are motivated to improve their own prosperity, their…

A: Adam Smith believed in broader perspective of the society.  He said that economies produce and…

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: Adam Smith is the father of communism andadvocated a classless society

A: The father of contemporary capitalism is often referred to as Adam Smith. Adam Smith was one of the…

Q: . What are some of the economic factors that may have been contributing causes to the American…

A: American Revolution also knows as the war of independence of the United States was held from 1775 to…

Q: how do money and debt play a decisive role in the development of the market logic of capitalism?

A: Many businesses and people utilize debt to finance significant expenditures that they otherwise…

Q: How did Adam Smith justify the ethics of capitalism?

A: Adam Smith's theories are frequently regarded as the foundation of modern capitalism. He advocated…

Q: Capitalism is defined as an economic system in which a country's trade, industry and profits are…

A: Capitalism or in other words it is market market economy where the economic decision what to produce…

Q: What are the two broad meanings of Socialism?

A: 1).any of various economic and political theories advocating collective or governmental ownership…

Q: The five force model is a framework

A: The model that represents economic processes through a set of variables and a set of logic and…

Q: QUESTION 40 Which of the following is NOT a characteristic of a capitalist economy?…

A: Capitalist is often conceived of as an economic system in which individual actors own and manage…

Q: Which one of the following models emphasizes on liberty and free choice? The American model…

A: There are different models to be used to explain the specfiic situation of the economy in terms of…

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: As capitalist systems mature,a. the economy is increasingly dominated by small businesses.b. the…

A: A capitalist makes the greatest money by making the most effective use of capital assets while…

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 are the cultures of capitalism?

A: The collection of behavioral traits, cultural standards, ideals, and patterns of behaviour that are…

Q: The major benefit of socialism is that it creates strong incentives to work hard and take the risks…

A: It is a popular economic and political structure based on public ownership of the means of…

Q: What attribute of capitalism will eventually lead to its collapse as claimed by Marx? How did this…

A: Marx believed that the capitalist system held the seeds of its own demise from the start.

Q: Rationing of most scarce goods and services in a capitalist economy is done by:   Group of answer…

A: Rationing is described as the artificial restriction of demand or the control over the allocation of…

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: Who invented capitalism?

A: Economies are classified into different forms based on the characteristics of their market. Some…

Q: defend the claim that china has adopted mercantilist theories

A: Mercantilism is the policy of encouraging trade for economic growth.

Q: Is increased income inequality a natural outcome of the a capitalist system? Select one: a. Yes b.…

A: The capitalist system is the economic system where trade, industry, investment, and production of a…

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: Explain how Marx's principle may or may not apply to today: - capitalism survives by exploiting…

A: Karl Marx believed that the capitalistic system is inherently exploitative and capitalists tend to…

Q: What is meant by "path dependence" in the context of the transition from socialism to capitalism?…

A: Transition societies move through a series of systemic changes aimed at developing market-based…

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: 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: How far Thorstein Veblen provided constructive criticism of mainstream economics and to what extent…

A: Thorstein Veblen: Thorstein Veblen is an economist who has given the concept of conspicuous…

Q: Present and evaluate the claim that capitalism creates waste and false needs. If the claim is…

A: What is capitalism? Capitalism is a system of economic governance that has arisen in many contexts…

Q: Adam Smith, what three principles are required for a Lassiez-Faire economic policy to be effective?

A: Adam Smith, what three principles are required for a Lassiez-Faire economic policy to be effective?…

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: A large, hardworking population was important for Mercantilism. Why?

A: Mercantilism was a practice of trade practiced in  in the 16th till 18th century. This practiced in…