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Who was the theorist who contended that an item's value is based on the work that has gone into it and the only way that a profit can be made is to pay workers less than the value of their work?
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What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
Is economic systems based on profit and loss?
The economic systems is based on profit and loss since they reflect the values of the economy in place.
What was the basic principle of the Marxist Theory?
The basic and underlying premise to Karl Marx theories were the concept of economic exploitation of labor. For example, a worker constructs an object, and the factory owner gains profit over its sale. Profit Marx argues profit removes from a workers just compensation (pay).
Economic system based on investment and profit?
Capitalism
The economic system that is based on private ownership and competition motivated by profit is called?
Capitalism
What technical aids did Charles Babbage develop for application in the manufacturing process?
Babbage invented equipment that could monitor the output of workers, which led to a profit-sharing system in which workers were compensated based on the profits of the company
Who is the dream theorist that believed dreams are based on wish fulfillment with unconscious desires?
Sigmund Freud.
What is the economic system based on private ownership investment and profit?
Capitalism is the economic system based on private ownership and profit.
Is economic systems based on profit and loss?
The economic systems is based on profit and loss since they reflect the values of the economy in place.
What was the belief of military theorist Henri Jomini on politics and warfare?
Based on the writings of military theorist Henri Jomini, he advocated warfare divorced from political considerations. Also, he advocated warfare aimed at limited and essentially territorial military objectives.
Which method of depreciation would you use if you were to receive a bonus which is based on net profit?
which method of depreciation to use when bonus is received that is based on net profit
One ethical theorist who believes that morality comes more or less naturally to us and is based in your natural affections is?
David Hume
Reasons for slavery and slave trade?
Slavery was not profit based. A slave cost ten years labour plus housing, food etc. Wages to free workers made more sense. There must have been other reasons.
Who was first theorist to emphasize that infants are active learners and that early learning is based on senses and motor skills?
Jean Piaget was the first theorist to emphasize that infants are active learners and that early learning is based on senses and motor skills. His theory of cognitive development highlighted the importance of a child’s interactions with their environment in shaping their understanding of the world.
What was the basic principle of the Marxist Theory?
The basic and underlying premise to Karl Marx theories were the concept of economic exploitation of labor. For example, a worker constructs an object, and the factory owner gains profit over its sale. Profit Marx argues profit removes from a workers just compensation (pay).
Economic system based on investment and profit?
Capitalism
Do most non profit businesses offer products or services?
Most non profit based businesses are service oriented as they are not likely to incur losses this way. Product based businesses tend to cost more and that is why non profit models may not work.
