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Under capitalism, businesspeople dont often deliberately set out to help others; they work mostly for their own prosperity and growth. yet people's efforts to improve their own situation in life act like an invisible hand to help the economy grow and prosper through the production of needed goods, services, and ideas
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The growth of what economic system was fostered by the Industrial Revolution?
Capitalism
South Korea's growth has resulted from an economic system described as?
State Capitalism
Why is the stock market important to capitalism?
Desire of wealth is spirit of capitalism which is a driving force behind stock market volatility and economic growth. Investors for want of wealth and status trade heavily in stock market.
What is the Opportunity cost of economic growth in relation to environmental protection?
its environment degradation and the gradual climate change
Scarcity and choice?
Economic growth cannot eliminate scarcity and choice. There are no resources that are infinite.Egoism and its 'rational' variant 'capitalism' have a very simple basic principleRead more: Scarcity_and_choice
The growth of what economic system was fostered by the Industrial Revolution?
Capitalism
South Korea's growth has resulted from an economic system described as?
State Capitalism
What has the author Y S Brenner written?
Y. S. Brenner has written: 'Capitalism, competition and economic crisis' -- subject(s): Economic history, Capitalism 'Theories of economic development and growth'
What has the author Maurice Dobb written?
Maurice Dobb has written: 'An essay on economic growth and planning' -- subject(s): Economic policy, Economic development 'Capitalism yesterday and today' -- subject(s): Capitalism 'Political economy and capitalism' -- subject(s): Economics, Capitalism 'Social credit discredited' -- subject(s): Social credit 'Capitalist enterprise and social progress' -- subject(s): Economics, Capitalism, History 'U.S.S.R' -- subject(s): Civilization 'Economic growth and underdeveloped countries' -- subject(s): 1945-, Economic development, Economic history 'Wages' -- subject(s): Wages
What has the author D J Frantzen written?
D. J. Frantzen has written: 'Growth and crisis in post-war capitalism' -- subject(s): Business cycles, Capitalism, Economic development, Economic history, International economic relations
Why is democracy important to buying product in the US?
Democracy has nothing to do with capitalism, which is the economic system in the US. It would be capitalism that would be important to buying products. While democracy does not hinder economic growth, it does not help it either.
What is one of the ways that it can attract entrepreneurs and business investments while creating positive economic growth?
Suppose the federal government is trying to create initiatives that will create economic growth. What is one of the ways that it can attract entrepreneurs and business investments, while also creating positive economic growth?
Why does economic growth create higher living costs?
Economic growth, for society as a whole, should lower living costs by increasing real wealth.
What has the author Michael Anthony Samuels written?
Michael Anthony Samuels has written: 'Growth, equity and self-reliance' -- subject(s): Capitalism, Economic conditions, Economic policy
What is one of the ways that it can attract entrepreneurs and business investments while also creating positive economic growth?
Suppose the federal government is trying to create initiatives that will create economic growth. What is one of the ways that it can attract entrepreneurs and business investments, while also creating positive economic growth?
How does capitalism achieves key in economic goals?
Capitalism achieves economic growth through a free market. It thrives on competition between companied to keep prices low for consumers and promote better working conditions for employees. The United States is a regulated capitalist economy.
Why is the stock market important to capitalism?
Desire of wealth is spirit of capitalism which is a driving force behind stock market volatility and economic growth. Investors for want of wealth and status trade heavily in stock market.
