Is the stock market a true indicator of the health of an economy? (If the stock market is thriving then the American people are also thriving.) Should a plutocracy exist? Is socialism bad for democracy?

Q: How did capitalism change lives for the better? How did it impact lives negatively? In what ways has…

A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…

Q: To what extent should government influence the economy of a democracy such as the United States?

A: In every economy, the government takes decisions to achieve the desired growth rate. The government…

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: Capitalism is defined as an economic system in which a country's trade, industry and profits are…

A: Capitalism or in other words it is market market economy where the economic decision what to produce…

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: 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: 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: 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: 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: Economist Friedrich Hayek argued that when knowledge is decentralized and disbursed among many…

A: Economist Friedrich Hayek in his 'The use of knowledge in society ' points out the requirement of…

Q: What does marxist economy means? What sectors of economies are being controlled? Why are they being…

A: Economics: Economics refers to the making of choice at the time of scarcity. So, it can be said that…

Q: Why do you think that most modern countries’ economies are a mix of command and market types?

A: If economic decisions are taken by the government, it is known as the command economy. In such a…

Q: Why is it necessary to have a freely elected government for democratic capitalism to create a…

A: The democratic capitalism system is based on the 3 components: 1) Free enterprise which provides the…

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: Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a…

A: As we know that Economy is that system in society where people earn their livelihood. And engage in…

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 are the major tenets of neoliberal economic policy?

A: Neoliberal school of thought has evolved post 1980s after Keynesian economics era had gone.…

Q: In which work did Adam Smith discuss the idea that self-interest implies one is more interested in…

A: Adam Smith wrote on his various works related to the analysis of an economy and it's functioning…