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What were the names of the economists who felt that the unfair distribution of resources would lead to the down fall of capitalism?
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∙ 12y ago
Communists
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∙ 12y ago
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Capitalism is unfair?
Capitalism is a system driven by private ownership of means of production. This leads to a system in which an entire nation's populace is driven by the desire to make profits and accumulate wealth. A true capitalist system is a free market economy with NO interference from any governing body. Many people view this system as unfair because, once a bit of wealth is accumulated or inherited, it becomes easier to accumulate more wealth. However, it is exceptionally rare and nearly impossible for someone who has very little wealth to accumulate any, hence the saying "you need money to make money". This leads to the concentration of most of a nation's wealth among a tiny percentage of the population, with the vast majority of a nation's population sharing the rest. Without some form of interference from the government or the formation of powerful worker's unions, capitalism inevitably leads to the concentration of power among the few, and the exploitation of the many. This is why a capitalist economic system can be seen as "unfair".
Why did Karl marx and fredrich engels believed that capitalism was unfair and how did they expect the system to be changed?
In a nutshell, they believed that the working class were deprived of their fair share by those at the top, who saw most of the profits, while doing less. They believed in a more equal distribution of labor and profits form labor. The United States, where about 2% of the population controls about 95% of the nations wealth, would be an example of the unfairness they were talking about. If, in a business, all of the employees got an equal cut of the profits their company generated every month (which would be an incentive for everyone to work harder, smarter, and together), that would be an example of the Marxist ideal.
Under what conditions might government intervention in a market economy improve the economy's performance?
If there is a market failure, such as an externality or monopoly, government regulation might improve the well-being of society by promoting efficiency. If the distribution of income or wealth is considered to be unfair by society, government intervention might achieve a more equal distribution of economic well-being.
What piece of legislation outlawed unfair methods of competition and unfair or deceptive acts and practices?
Federal Trade Commission Act
How can unfair trade affect people?
An unfair trade could affect people in many different ways. One way it could affect people is one person is happy and the other is sad with what they have. If you trade someone a $500.00 iPod for a cookie, that would be an unfair trade.
Is the wealth distribution fair among a country?
That depends upon the interpretation of the word "fair". In Capitalism fair distribution is determined by what you've done to get what you earn and in that case every dollar is held fairly by the owner. Communists would say countries like the US have a very unfair distribution of wealth. It is all about perspective.
What was a key expressed by socialist?
Capitalism favors the rich and is unfair to the poor.
What was key idea expressed by socialists?
Capitalism favors the rich and is unfair to the poor.
What were key ideas expressed by socialist?
Capitalism favors the rich and is unfair to the poor.
What statements was a key ides expressed by socialists?
capitalism favors the rich and is unfair to the poor
What was a key idea expressed expressed by socialists?
Capitalism favors the rich and is unfair to the poor.
How can capitalism and communism be unfair?
IT IS NOT FAIR! it is fair in fairy land where every one is equal but that's not how it works in reality.
How do you use distribution in sentence?
The distribution of Christmas gifts was uncharacteristically unfair. Meals on Wheels handles the distribution of meals to the elderly. Distribution of mail is the main duty of the US Postal Service. The population distibution in the US is uneven.
Why government market failure an unfair distribution of income?
Reword the question, not too sure what it's asking.
Why did many countries feel bitter and cheated as the result of the treaty?
Many countries felt bitter and cheated as a result of the Versailles Treaty because of the war guilt that left behind hatred, ignored desire for other nation's independence, and unfair distribution of resources.
Why did many countries feel bitter and cheated as a resulted of the treaty?
Many countries felt bitter and cheated as a result of the Versailles Treaty because of the war guilt that left behind hatred, ignored desire for other nation's independence, and unfair distribution of resources.
What are the pros and cons of capitation?
Capitalism promotes economic growth by providing an open competition in the market. It provides individuals with far better opportunities of raising their income and thus achieving economic growth.Capitalism results in a decentralized economic system. This is considered as one of the greatest advantages of capitalism. In a decentralized economy, individuals are open to more number of options in business. They are exposed to competition and have to face different challenges and find solutions to them to stay in competition. It is in a capitalist economy that hard work is rewarded. Entrepreneurs who pitch well and are able to better their business are the undoubted winners.Capitalism gives rise to an economy where the consumers regulate the market. Many consider this as one of the greatest strengths of a capitalist economy. A competitive market provided by capitalism facilitates the manufacture of a wide variety of products and the formation of a wide range of services. Consumers are happier in a capitalist economy. It encourages people to work towards financial freedom.Cons of CapitalismSome consider the fierce competition brought about by capitalism as its major drawback. They believe that a capitalist economy can give rise to unfair competition.Capitalism makes an economy money-oriented. Business corporations look at the economy with a materialistic point of view. Profitability remains their only primary business goal. Business giants take over smaller companies. Employment rights are compensated with the sole aim of higher productivity.Some economists believe that capitalism may lead to a depletion of the resources on Earth, as it requires continuous economic growth.There are different views about capitalism. Some believe in its strengths, while others complain about the unfair distribution of wealth it may lead to. A mixed economy can perhaps serve as the golden mean.
