0
What else can I help you with?
Is poverty a requirement in a capitalist economy with the limited supply of currency in circulation?
"Requirement" is the wrong word, since requirement implies that poverty is needed in order to create a capitalist system. It is more proper to say that poverty is a natural result of capitalism. (This is the difference between cause and effect; poverty is an effect of capitalism, not a cause.) This is because capitalism only guarantees wealth to those people who work strenuously and provide a useful good or service. Since not all people perform both of these elements, those who do not do this will naturally be poor as a result of capitalism.
How do you explain capitalism?
Capitalism is basically 'the possession of wealth' -(OED)
Chief Products from the US?
Fat. Laziness. Poverty. Blame Capitalism.
How did the new deal weaken or strengthen the US capitalism?
To what extend did the new deal strengthen or weaken the usa capitalism?
How can poverty be reduced in Afghanistan?
Long term stability and Free market Capitalism.
Why is communism better than capitalism?
Because communism requires for humans to be born naturally good. We can tell that this is not the case because must be tought not to hit each other. They are also greedy they will try to claim as many toys as possible shouting "mine". This is where war and greed come from. Capitalism works with these flaws by establishing rules such as no killing and no stealing.
In what way do capitalism and socialism differ?
Capitalism allows for more freedom for businesses than socialism does
When did poverty come in affect?
Poverty began when a small part of the population seized control and prevented the rest of the people from accessing whatever food etc they needed. It will exist until people overthrow capitalism and establish a society based on co-operation, production to meet human need, and free access.
How did president Ronald Reagan's policies affect poverty levels in the US?
Reagan’s policies involved defending capitalism and the capitalist class, so naturally they led to the maintenance and reinforcement of poverty.
Communism and capitalism are what?
Communism: a classless stateless society based on production for use and democratic control. No money, no poverty, no millionaires. Capitalism: a society where a tiny minority own the means of production and the vast majority have to work for a wage. Poverty, inequality, exploitation, war, environmental destruction.
Are there any famous people in capitalism?
are there any famous people in capitalism?
How were the 1950s dangerous years for Americans and the world?
The threat of communism was spreading through the United States in former countries
