0
What characteris must a society have in order for capitalism to be possible?
Wiki User
∙ 8y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What characteristics must society have in order for capitalism to be possible?
Capitalism is an economic system in which the means of production are privately owned; supply, demand and price are mostly set by market forces rather than economic planning; and profit is distributed to owners who invest in businesses.
What characteristics must a society have in order for capitalism to be possible?
Capitalism is an economic system in which the means of production are privately owned; supply, demand and price are mostly set by market forces rather than economic planning; and profit is distributed to owners who invest in businesses.
What is the government role in a capitalism society?
The state has several roles to play in capitalism. Firstly, it exists to protest the interests and power of the capitalist class against the working class. Also, since capitalism is a fairly anarchic system in some ways, a political establishment is required to bring some order to what would otherwise be a very unstable situation politically and economically.
What is the economic system in which most economic activity occurs in the private sector where business is conducted by individuals or organizations in order to make a profit?
capitalism
Why was capitalism made?
Capitalism was not created by anyone, nor does it have a set of rules or guidelines. It is the natural order of the economy when it is uninhibited by government meddling.
In what ways does the mindset of a country's citizens have to change in order to transition to capitalism?
Most people don’t have a choice, as capitalism forced on them by the ruling class.
Why do Marx and Engels praise capitalism in this chapter?
karl marx was a observer of capitalism he was not against it despite everything he disliked about it. Contrary to propaganda the manifesto with marx heavily influenced by blanqui... later anounced at the communist national in 1850 that capitalism was a PERMANENT REVOLUTION. Marxist beleive that in order to have a socialism or communism you had to have a highly developed technologically advanced free trade capitalism first. remember communism is a self regulating classless society after all classes cease to exist a economic production=consumption.
Must laws be static and unyielding in order to provide stability for a society?
Yes they must, but tempered with justice and mercy where possible.
In order to test his theories on economics and the spirit of capitalism what was the basic research scenario Max Weber employed?
He compared the extent of capitalism in Catholic and Protestant countries.
Is communism tax?
No. Communism is a distinct political ideology with varying schools within it concerned with destroying capitalism and creating a society where all humans are valued equally. Tax is the appropriation of wealth by a state from its citizens in order to fund services.
What are two reasons why Karl marx believes revolution is justified to change political and social order of his day?
Karl Marx believed that revolution was justified because he saw capitalism as exploitative and oppressive, leading to class conflict between the proletariat and the bourgeoisie. He also believed that the prevailing social order perpetuated inequality and injustice, and that revolution was necessary to create a fairer and more equitable society.
What are The people and things that the organization needs to have to stay in business are called?
Under capitalism, a business needs to make a profit in order to survive. So capitalism is about profit-making, not about meeting the needs of customers or employees.
