How does Carnegie explain that Communism would be a revolution, and would it be worth having, why or why not?
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A: Left-wing nationalism, sometimes understood as socialist nationalism, not to be confounded with the…
Q: What are some of the primary ideas of philosopher Karl Marx? What did Marx see during his lifetime…
A: Karl Marx was a revolutionary, sociologist, historian, and economist, whose full name was Karl…
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A: In economics, there are different approaches to see the world and there are different ways to deal…
Q: which economic system did Ayn Rand claim was the best to support her theory? a. socialism b.…
A: Aye Rand was a writer and philosopher. She was born in Russia.
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A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…
Q: What are the different between Classical and Marginalist?
A: Economics is a social science which studies the efficient allocation of scarce resources of economy.…
Q: The people of China now enjoy a socialist market economy rather than pure communism. What must the…
A: Economic Freedom Every person has the fundamental right to govern their own employment and property,…
Q: What did mercantilism see as the economic goal for society? Why was poverty seen as essential?…
A: Mercantilism was an economic theory and practise popular in Europe from the 16th to the 18th…
Q: How did Marxism challenge the prevailing political and economic traditions?
A: Marxism Marxism is a basically a social and political worldview that encompasses Marxist class…
Q: how do money and debt play a decisive role in the development of the market logic of capitalism?
A: Many businesses and people utilize debt to finance significant expenditures that they otherwise…
Q: List and describe common institutional components that help us identify different types of economic…
A: Economic system: It refers to a system under which there is a relationship between production and…
Q: Name four things about our current economic system that would like to change, and briefly explain…
A: Economic system: It refers to the system under which government will try to provide resources to all…
Q: Is capitalism associated more with a market or command economy? Why would capitalism be able to do…
A: Capitalism is associated with market economy.
Q: What is purpose of Marxist Theory ?
A: Marxist theory is more concerned with philosophy. His theory shows the political and economic way of…
Q: In your own words, explain the concept of the “invisible hand” as it relates to economic theory. Why…
A: In this ,the entrepreneurs are the self interested individuals who are interested in making certain…
Q: What was Milton Friedman’s work?
A: When talking about economists, Milton Friedman was the popular economist who gave many economic…
Q: Which of the following free-market philosophers believed that Capitalism would end because its image…
A: A free market is an economic system characterized by voluntary exchanges and transactions between…
Q: Discuss “property ownership” and “motivational factors” features/characteristics of a command…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Are there any reasons why Smith's model of capitalism might not be a successful argument in favor of…
A: Adam Smith was a Scottish economist and philosopher. In his book “An Inquiry into the Nature and…
Q: As soon as possible.thank you Was the motivation for the American Revolution primarily economic? Be…
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Q: Do you think is it possible to measure the true impact of war on an economy? If so, how?
A: A war occurs when countries fight with each other.
Q: I feel that the strongest moral consideration in favor of capitalism would be the freedom to pursue…
A: The wealth gap is the difference in wealth between different groups of people. It is a growing…
Q: How did the administrative command system give rise to the “shadow Economy”? How did the shadow…
A: Shadow economy: Shadow economy, often known as the underground, informal, or parallel economy,…
Q: The YouTube video "Why Capitalism Works" seems to provide a compelling case for why capitalism is…
A: Capitalism is an economic and social system characterized by private ownership of the means of…
Q: What are sociotropic, ethnocentrism, or populist backlash models and how do they relate to…
A: Answer - Need to find- What are sociotropic, ethnocentrism, or populist backlash models and how do…
Q: why would expanding the nation's communication network be considered an increase in wealth, while…
A: Development of communication system is seen as increasing the wealth of the nation because the…
Q: 3. For Marx what is inherently exploitative about capitalism?
A: Karl Marx's theory of exploitation, which holds that workers in a capitalist society are exploited…
Q: How does Marx’s analysis provide insight into the movie China Blue
A: This can be described as a form of market in which no single producer or consumer has the power to…
Q: After reading Oskar Lange's article, “On the Economic Theory of Socialism: Part I”, pick two…
A: Oskar Lange was a prominent economist known for his work on market socialism. In his model, he…
Q: Are revolutions normally followed by radical changes?
A: Revolution:- The overturning or abandonment of an authoritarian regime or governmental class by the…
Q: With the help of diagrams, explaining how the golden rule is determined and Suggest solutions to the…
A: During an economic cycle, the government will borrow only to invest, not to fund current spending,…
Q: What attribute of capitalism will eventually lead to its collapse as claimed by Marx? How did this…
A: Marx believed that the capitalist system held the seeds of its own demise from the start.
Q: Are the economic, power, and prestige dimensionsrelated?
A: People use money for various purposes. There are business cycles which have to be known by the…
Q: Smith is against the mercantilism. Please explain what mercantilism means in a few brief sentences.
A: Smith is against Mercantilism. Mercantilists as a class in Economics can be explained as follows :
Q: Explain the views of Schumpeter on Marx.
A: Schumpeter argues in "Socialism,Capitalism and Democracy" stating that capitalism is never…
Q: Karl Marx envisioned a perfect society that would be based on a smoothly running capitalist system…
A: Communist society is a type of societal structure postulated in the Marxist thought that…
Q: Why is instability of capitalism such as, recession, a struggle for many?
A: Recessions are frequently best portrayed humorously. "You can bet your neighbour will lose his or…
Q: How did sectarian violence influence the shaping of some parts of the West?
A: The sectarian violence is also known as the sectarian strife and this was inspired from the…
Q: If capitalism has the ability to devour the institutions it has contact with, how can people working…
A: system based on private ownership and the pursuit of profit, can sometimes exert immense pressure on…
Q: What is meant by "path dependence" in the context of the transition from socialism to capitalism?…
A: Transition societies move through a series of systemic changes aimed at developing market-based…
Q: Capitalism
A: ‘Socialism’ and ‘capitalism’ are the two most important types of economy prevailing in our world…
Q: What do you see as the strongest moral consideration in favor of capitalism? What do you see as the…
A: Capitalism is an economic system in which the means of production and distribution are privately or…
Q: What are the differences between classical realism and neorealism? Which one do you think explains…
A: When there is tension between countries and this leads to hampering of trade between them is known…
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