Categories
Assignment Help

For the following issues, identify if it is an advantage of capitalism with a “C,” or a limitation of socialism with a “S.” less wealth inequality more possibility for economic growth greater emphasis on economic stability private ownership for individuals

[ad_1]

Based on the choices;

less wealth inequality more possibility for economic growth=S
greater emphasis on economic stability private ownership for individuals=C

For socialism less wealth because wealth is divided among the people and more focused on the nation’s economic condition. While capitalism has more opportunity and allows individual private ownership.

[ad_2]

Categories
Assignment Help

According to max weber, the values of self-denial and self-discipline that provided the ethic necessary for capitalism to flourish are encapsulated in the ________ ethic.

[ad_1]

Answer:

Americans will pay more for goods produced in Mexico in 2011.

Explanation:

This is a situation of devaluation of the dollar in relation to the Mexican peso. If in 2009 the dollar was worth 16 pesos, but in 2011 it is 14, it means that the purchasing power of the dollar in relation to the Mexican peso has decreased, although it is still high.

In that case, for an American to buy products produced in Mexico in 2011, he or she will spend a little more dollars than he or she would spend in 2009. This is common, since the currencies fluctuate according to the financial market . Thus, the dollar can be valued or devalued, as happened in this example.

If, for example, in 2015 the dollar will buy 20 pesos, it will mean that the dollar appreciated in relation to the peso, increasing the purchasing power of Americans for Mexican products.

[ad_2]

Categories
Assignment Help

Adam Smith, the premier philosopher of capitalism, took the position that ___.

[ad_1]

However, they also point out that it’s OK to have an unusual kind of family structure. On One Tree Hill, for example, Lucas is being raised by a single mom, and he has a close relationship with his uncle, but his dad isn’t completely out of the picture. On a teen show such as iCarly, on Nick, Carly’s older brother plays the role of guardian, because her dad is in the Air Force. Her mom is never really spoken of. 

2. I do feel that most of the portrayal of family is accurate, on TV. Modern shows have steered away from the conventional “Mom, Dad, 2.5 kids plus dog” formula, which is accurate, because not all TV watchers are fortunate enough to have that kind of situation. See above answer for specific examples. 

3. I think that a definite negative theme in today’s modern shows, revolve around views on alcohol and drugs. Obviously everyone is entitled to their own views, but more often than not, after a character drinks, or does something they shouldn’t, they panic about what their parents will do once they find out. This panic may lead them to increasingly dangerous situations. For example, in OTH, Nathan is drinking, and then goes out to drive his girlfriend’s car. When he crashes it into another car, he realizes the trouble he is in, and leaves the scene of the accident; thus potentially getting him in even more trouble. I realize that TV is in no way an accurate depiction of all life aspects, and it is “only TV”, but I think Nathan should have faced the consequences right away, because by running from the scene, he only put himself in danger of being caught, or arrested. Again, though, I’m reading too much into it. 

[ad_2]

Categories
Assignment Help

Karl Marx developed the economic theory of socialism. capitalism. utopianism. communism.

[ad_1]

Karl Marx developed the economic theory of socialism. capitalism. utopianism. communism.

[ad_2]

Categories
Assignment Help

Many Latin American nations became military dictatorships fearing this ideology would be embraced by the government? a. Fascism c. Socialism b. Capitalism d. Communism

[ad_1]

Karl Marx developed the economic theory of communism.

Further Explanation:

One of Karl Marx’s most famous contributions came in his book the Communist Manifesto. This book explained Mark’s views on government, the economy, and ultimately lead to the creation of communism as an idea.

A communism system is one that is economic and political in nature. In this system, the government would control the means of production, the distribution of goods and resources, and would overall have significant control over society. This system of communism is the opposite of the capitalist/democratic system used in America today. These two ideologies would clash during the mid 20th century in what is now known as the Cold War.

Marx’s ideas were based on his observations of the world around him. He felt that the mistreatment of labor by industry and private corporations would ultimately lead to an uprising by angry laborers all over the world.

Learn More:

Explanation of Cold War- brainly.com/question/1596857

Key Details:

Topic: World History, Communism

Grade Level: 7-12

Keywords: Karl Marx, Communism, Communist Manifesto

[ad_2]

Categories
Assignment Help

What fundamental conflict did henry r. luce imagine for the postwar world in the american century (1941)? a. one between freedom and tyranny b. one between men and women c. one between capitalism and socialism d. one between rich and poor e. one between black and white?

[ad_1]

-Growth of ethnic nationalism throughout Europe and Middle East

The idea of the need of a “pure race” or of races of usurpers in the countries were getting common.

-Colonial groups looking for independence from imperialistic powers

This alone was more than reason for many to attack others from their own country. The problem is that the line is always blurry when it comes to decide the targets of the attack and who are actually the supporters of the enemy that deserve to be attacked. In the end, many just decided that just being against the cause was enough to add someone to the casualties.

-Spreading of communism and socialist ideas throughout the world

This enough generated many problems with the war between classes and the very troubling ideas of non existence of private properties and many other things that led straight up to physical conflicts, abuse of power and so on.

[ad_2]

Categories
Assignment Help

Which of the following is an accurate statement about George Bernard Shaw’s personal beliefs? A. He felt that all art is good because it reflects the individual B. He deemed vegetarianism to be a foolish and unhealthy fad. C. He believed wars should only be fought if a greater good is at stake. D. He thought that capitalism, as an economic system, is highly problematic.

[ad_1]

25. The incorrectly punctuated sentence is the third option. This is because the comma is unnecessary and chops up the sentence. You should only put a comma before a conjunction (words like and, but, or) when there is a list (like in the last option) or when the words following the conjunction include a noun and verb (like the second option).

26. The correctly punctuated sentence is the second option. With dates specifically, there will always be a comma between the day and year (canceling out the first and third options), and if the sentence continues after the year, then there needs to be a comma after the year (which cancels out the last option).

[ad_2]

Categories
Assignment Help

The American economy is based on both capitalism and free enterprise. What does this mean?

[ad_1]

1) A small caribbean islands economy depends on tourism. However in recent times, it has seen much less economic activity. Its government decides to let the market correct the situation——Hayek

In contrast to Keynes, Hayek trusted that certifiable recuperation from a post-blast crash called for satisfactory spending as well as for an arrival to economical generation – creation cleansed of blast period mutilations caused by pain free income.  

Hayek was expelled as somebody who needed to “exchange work, sell stocks, sell the agriculturists, etc.

2) Flour prices have risen in a country where bread is a stable part of the diet. As a result, bread prices have risen tremendously. In an effort to make bread affordable for it’s citizens, the government has limited how much bakers can charge for bread.————Keynes

During the Great Depression of the 1930s, existing financial hypothesis was not able either to clarify the reasons for the extreme worldwide monetary crumple or to give a sufficient open strategy answer for kick off creation and business.  

British economist John Maynard Keynes led an unrest in monetary reasoning that upset the then-overall thought that free markets would consequently give full business—that will be, that everybody who needed an occupation would have one as long as laborers were adaptable in their wage requests.

[ad_2]

Categories
Assignment Help

Which of the following would have the same meaning as “capitalism” or a “market economy”? A. Socialist Economy B. Free-Enterprise System C. Communist System D. Traditional Economy

[ad_1]

Today’s economy runs on credit. If you want to get a mortgage loan for a house or a student loan to pay for college, or if you just want to put your lunch on a credit card, a company is extending credit to you.

Your creditworthiness is defined by your three-digit credit score and is the key to your financial life. Good credit can be the make-or-break detail that determines whether you’ll get a mortgage, car loan or a student loan. On the hand, bad credit will make it more difficult for you to get a credit card with a low interest rate and it will make it more expensive to borrow money for any purpose.

But even if you’re not in the market for a loan, good credit can have a major impact.            

[ad_2]

Categories
Assignment Help

Pros and Cons of American Capitalism

[ad_1]

Introduction

Capitalism is an economic system that is free market-based, and the goods and services are produced for profit. It is characterized by the lack of government interventions, the means of production are private-owned, and the goods and services are distributed according to the market price mechanism. The following essay looks at capitalism in the United States, and it highlights and discusses its pros and cons.

U.S Capitalism

Capitalism has the implication that the economy involved is market-based. However, in the broader context of capitalism, there are different types that have multiple or different outcomes. A capitalist economy or society with some degree of regulation of inequality, environment and the monopoly of power creates different outcomes as opposed to a purely capitalist one. The American capitalist system has significant government intervention in various fields such as healthcare, education and transport.  There are various pros to the American type of capitalism. They include the following:

Pros and Cons of American Capitalism

The Pros of Capitalism

The U.S capitalism system stimulates and encourages economic development. In a capitalist based system, the firms and individuals have incentives to be innovative and work hard in creating a climate promoting innovation and economic expansion.  Thus, this is helpful in increasing the real gross domestic product (GDP) growth. It also leads to improvement in the living standards because there is a creation of wealth. Thus, enabling higher living standards. In theory, everyone is a beneficiary of the increasing wealth. It creates a trickle-down outcome from the rich to the poor.

The American capitalism market has created increased competition. Competition is a natural outcome of capitalism. It is advantageous and beneficial because increased competition produces high quality products and a decreasing price of the product. Capitalism rewards firms and organizations that produce high quality products at the lowest market prices. It results in an increasing market share for the product producer. It forces firms to be more efficient in their means of product production. The efficiency pressurizes the firms to reduce product costs and avoid wastages. State-owned firms often tend to be wasteful and inefficient. For example, they are unwilling to get rid of surplus workers or methods of production that are wasteful. Furthermore, the state-owned corporations have fewer incentives to initiate innovative working practices.

Another advantage of the American capitalist society is that the private sector has the means to ownership of goods. Private ownership of assets and capital is beneficial to businesses. In countries with socialist or communist-based economies, governments have the ability to nationalize a particular company’s assets or whole sectors of the economy. The private sector ownership of property is important because it allows the firms to amass wealth needed for economic growth. Finally, capitalism in the United States allows for the division of labor which results in the specialization of labor. For example, in an automotive manufacturing or assembly facility, each employee has specific duties in which he or she specializes. This division of labor and specialization makes the production process more efficient.

The Cons of Capitalism

One of the cons of the capitalist economic systems is that private ownership of capital allows firms to acquire monopolistic control over resources.  The firms gain monopolistic power over the product, means of production and labor market. As a result, they have the ability to exploit their position to charge higher prices. Equally, the U.S capitalism society allows for the development of a monopsony power. A monopsony occurs in situations where there is a single employer with many employees. Firms and companies with such position can play lower wages because of the high job demands. It leads to a disparity and inequality between the capital owners and laborers.

Secondly, a capitalist society tends to ignore the social welfare and benefits. A profit-maximizing capitalist firm concentrates on profit maximization and ignores the negative externalities such as pollution that can be harmful to the living standards. A free market economy experiences under provision of essential services with positive externalities such as health services, education and public transport leading to an inefficient allocation of resources. In such situations, the government provides the essential public services to maximize the potential of a capitalist society.

A capitalist economy can create wealth inequality. Capitalists state that a capitalist system is fair because you gain the rewards of your hard work and efforts but often, people are born into wealth because they inherit the wealth or are born into a privileged class. As a result, capitalism not only fails to provide equality of outcome but also the provision of equality of opportunity.

Conclusion

Capitalism is a free market-based economic system where goods and services are produced for profit. The U.S capitalist economic system has its obvious pros, for example, increased GDP, increased competition, and private ownership of property. However, the majority of the benefits tend to accrue to those who own the capital. Thus, while it creates great wealth, it is not shared equally by everyone. It also leads to the creation of a monopoly, ignoring of social benefits and creating inequalities.

Bibliography;
  • Hannah, Leslie. 2013. The rise of the corporate economy. New York: Routledge.
  • Jones, Thomas M, and Will Felps. 2013. “Shareholder Wealth Maximization and Social Welfare.” Business Ethics Quarterly 207-238.
  • Lewis, W. Arthur. 2013. Theory of economic growth. Vol. 7. New York: Routledge.
  • Porter, Michael E, and Mark R Kramer. 2011. “Creating shared value.” Harvard Business Review 62-77.



[ad_2]

Categories
Assignment Help

Laissez-faire capitalism as attributed to Adam Smith called for

[ad_1]

Answer 1:

D) It increased economic productivity.

Explanation:

The American Economy During the 1800s. The U.S. had a happy, yet considerably growing the economy in the 19th time due to industrialization, migration, regional development, new technological changes and other courses. A laissez-faire strategy by the government and inadequately controlled business started to volatility.

Answer 2 :

C) Promote industry through improving transportation.

Explanation:

The American System was composed of three components, building emergency rates, forming a state bank, and spending in internal growth that would build new roads, waterways, and other means of transport. This System consisted of three commonly strengthening elements, a duty to defend and support American industry, a state bank to promote business, and governmental subsidies for roads, canals, and other internal reforms to improve valuable sales for farming.

Answer 3:

B) Expanding voting rights

Explanation:

For many decades, voting in most cases was restricted to white male landowners, called freeholders. Constantly, the privilege, or power to vote, extended to incorporate non-landowners, then African-American men, then women, and finally people as young as 18. Non-white Americans could also vote in these rules, given they could reach the capital necessary. By 1856, white men were permitted to vote in all cases but of property use, although demands for giving tax lived in five states.

Answer 4:

A)The meetings were loud and exciting.

Explanation:

The Second Great Awakening was a Reformed spiritual service through the early 19th era in the United States. The change started about 1790, obtained impulse by 1800 and, after 1820, association spread immediately between Baptist and Methodist gatherings whose missionaries started the campaign.

Answer 5 :

A) Women’s rights movement.

Explanation:

The American women’s rights campaign started with a gathering of reformers in Seneca Falls, New York, in 1848. Out of that first conference came a memorable document, the Declaration of Sentiments, which required similar political situation and legal benefits for women, including the right to vote.

Answer 6 :

A) Bridges

Explanation:

In 1811, the building of the road started in Cumberland, Maryland, and produced many new jobs for Americans. Trees were cut and hills were leveled to make for the extensive roadway. Some of the first bridges were created to permit for travel over rivers.These bridges were formed of stone, wood, and ultimately steel.

Answer 7 :

B) A way to break through the thick soil of the plains

Explanation:

John Deere makes a polished-steel plow in his Grand Detour, Illinois, a metalworker shop that makes immigrant farmers cut clean channels into adhesive Midwest prairie soil. 1838 John Deere, blacksmith, evolves into John Deere, producer. John Deere created the steel plow in 1837 when the Middle-West was being resolved. The soil was changed than that of the East and wood plows kept revealing.

Answer 8 :

B) Running an aggressive political campaign by appealing directly to the people

Explanation:

Henry Clay was elected Secretary of State by President John Quincy Adams on March 7, 1825. Clay began his works on the same day and completed until March 3, 1829. Recognized as the Great Pacificator for his donations to national policy, he stressed financial improvement in his discretion. The American System was a three-pronged financial policy, based on the economic plans of Alexander Hamilton, that was established by Henry Clay. The selection of the American System was an essential financial plan during his administration and provided to the Age of Good Spirits.

Answer 9 :

B) Mills and factories.

Explanation:

Dorothea Dix was a great nurse who worked for the rights of individuals with mental disorders. She is possibly best known, however, as the supervisor of nurses for the Union Army in the Civil War. Dorothea Dix was born on April 4, 1802, in Hamden, Maine. Her struggles on behalf of the intellectually ill and convicts served found dozens of news organizations across the United States and in Europe and changed people’s opinions of these communities.

Answer 10 :

D) The American System.

Explanation:

The centerpiece of Clay’s diplomacy was a combined financial program called the American System. This envisioned an emergency tariff, a national bank collectively recognized by private stockholders and the federal government, and federal support for transport projects.A method to extend and consolidate the country, the American System, was developed by the Whig Party and a number of starting legislators including Henry Clay, John C. Calhoun, and John Quincy Adams. Comfort for a high tariff to defend American commerce and create revenue for the central government.

____________________________________________________________

[ad_2]

Categories
Assignment Help

What solution did fascists promote to end the depression? A. acceptance of capitalism B. more individual freedoms C. loans to banks and businesses D. strong central leadership

[ad_1]

Answer:

The correct answer is B. John Maynard Keynes believed that the economy could be turned around and brought out of a depression by increasing government spending.

Explanation:

John Maynard Keynes was a British economist, considered one of the most influential of the 20th century, whose ideas had a strong impact on economic theories and policies.

The main novelty of his thinking was to consider that the capitalist system does not tend towards full employment or the balance of productive factors, but towards a balance that only coincidentally coincides with full employment. Keynes and his followers highlighted not only the ascendant nature of the aggregate supply, in contrast with the classical view, but also the instability of the aggregate demand, coming from the shocks that occurred in private markets, as a consequence of the ups and downs in the investor confidence. The main conclusion of his analysis is a commitment to direct public intervention in public expenditure, which allows to cover the gap or deficit of aggregate demand.

[ad_2]