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The very rich control the market and decide what industries to invest in or lend money too. They influence the government so that they don't have to pay very much in taxes, which would support the nation's infrastructure, & provide jobs.
The middle class works hard to produce products, and also spends money on products, which helps to make the rich investors even more wealthy.
The poor are typically unable to compete in a capitalist economy (for a number of reasons), & require public assistance to survive.
What else can I help you with?
Why do banks play a crucial role in the economy and financial system?
Banks play a crucial role in the economy and financial system because they facilitate the flow of money, provide a safe place for people to store their funds, offer loans to individuals and businesses for investments and growth, and help regulate the overall financial stability of the economy.
Why is Jamaica a capitalist country?
Jamaica is considered a capitalist country because it operates under a market-based economy where private individuals and businesses own and control the means of production and distribution of goods and services. The government plays a regulatory role but encourages entrepreneurship and foreign investment, which are key components of capitalism. Additionally, the country has implemented policies that support trade liberalization and economic diversification, further aligning it with capitalist principles. Overall, the emphasis on personal property rights and profit motives characterizes Jamaica's economic system.
What role does competition play in the free enterprise system?
To gain profits
What is an economy in which resources are owned and controlled by the people of the country called?
An economy in which resources are owned and controlled by the people of the country is called a socialist economy. In this system, the government may play a significant role in managing resources and production to ensure equitable distribution and meet the needs of the population. This contrasts with a capitalist economy, where resources are primarily owned by private individuals or corporations. Socialism aims to reduce income inequality and provide universal access to essential services.
Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
Why does the Federal Reserve Bank of New York play a special role within the Federal Reserve System?
What role does a jury of your peers play in the legal system?
A jury of your peers in the legal system serves as a group of impartial individuals who listen to evidence presented in a trial and determine the guilt or innocence of the accused. They play a crucial role in upholding the principles of justice and ensuring a fair trial for all individuals.
Who is Mr. Pilkington in Animal Farm and what role does he play in the story?
Mr. Pilkington is a human farmer in George Orwell's novel Animal Farm. He represents the capitalist class and is the owner of Foxwood Farm, a neighboring farm to Animal Farm. Mr. Pilkington's character symbolizes the capitalist system and serves as a contrast to the other human farmers in the story.
Can genes play a role in protecting individuals from drug addiction?
No they do not
What does play a role in determining whether individuals get cancer from a carcinogen?
...
What is role consultant play in strategic planing and management process of company.is it an essential role?
straateiges are the individuals in the role
What role do the dasas play in the caste system?
they played the role of servents
Why do banks play a crucial role in the economy and financial system?
Banks play a crucial role in the economy and financial system because they facilitate the flow of money, provide a safe place for people to store their funds, offer loans to individuals and businesses for investments and growth, and help regulate the overall financial stability of the economy.
What role does the heart play in the cardiovascular system?
The Respatory System . i Guessed . :)
How information system play a vital role in marketing?
how information system play an important role in following departments finance, marketing,HRM and production management
What role did nationalism play in cold war?
Nationalism did play an important role in the cold war. There are certain individuals who offered to work as spies for their countries.
What role do people play in a computer system?
computer play a vital Role in a Day to Day life, what is the Advantage and Disadvantage of Computer?and what are the role that computer play in day to day activities?
How is the united stated a capitalist country?
The United States is a capitalist country primarily because its economy is based on private ownership of resources and the means of production. In this system, individuals and businesses are free to operate for profit, make decisions about production and pricing, and compete in the marketplace. The government generally plays a limited role in economic activities, promoting free competition while enforcing laws to protect property rights and ensure fair practices. This framework fosters innovation and economic growth, characteristic of capitalist economies.
