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Between 1890 and 1930 this type of economy caused leading economists to be critical ofthe inequalities that it had created among the people?
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∙ 11y ago
Capitalism
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Wiki User
∙ 11y ago
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Between 1890 and 1930 this type of economy caused leading economists to be critical of the inequalities that it had created among the people?
CapitalismALS :)
Between 1890 and 1930 what type of economy caused leading economists to be critical of the inequalities that it had created among the people?
capitalism
How is property created?
How property is created is a matter of debate in political philosophy and contract theory in economics. Generally, most economists assume that property is a matter of contract, by which property belongs to a party based on agreements between different economic actors.
How computers are used in economics?
computers are used in economics for calculating specific formulas through programs created to meet the needs of economists. They probably are also used to track industries and markets over seas.
Why income Should Not be distributed equally in an economy?
Essentially, to reward people economically for reasons other than productivity, which indicates the value of work to the economy, changes the incentive structure of individuals to act and disinclines individuals from working because work is no longer rewarded. Additionally, there would be huge costs and inefficiencies created by the redistribution process itself, since creating, maintaining, and implementing that kind of system would not be free. Finally, information would need to be highly centralised in a system of equal income distribution and services would no longer reflect decentralised, efficient solutions created by individual interaction. These three factors would cause a major economic problem and be extremely costly, which leads most economists to believe in a tradeoff between equality and efficiency.
Between 1890 and 1930 this type of economy caused leading economists to be critical of the inequalities that it had created among the people?
CapitalismALS :)
Between 1890 and 1930 what type of economy caused leading economists to be critical of the inequalities that it had created among the people?
capitalism
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