Why is instability of capitalism such as, recession, a struggle for many?

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…

Q: Who owns and who controls the major factors of production?

A: An economy includes all production of goods and services, all selling and buying and all employment.…

Q: How might government and education leaderswork with businesses to minimize structuralunemployment?

A: Concept The phrase "structural unemployment" is used by economists to characterise unemployment…

Q: WHO IS THE FATHER OF THE MODERN ECONOMICS

A: Economics is the study of social activities in which people interact with each other to make…

Q: why david ricardo should be consider as a father of economics?

A: Economics is the study of allocating the scarce resources in the most efficient manner. The three…

Q: What is economic system

A: An economic system is a method by which  governments or societies sort out and disperse accessible…

Q: the difference between Islamic Economics system and Capitalist Economic system

A: The Islamic economic system is the variety of rules, characteristics and standards of direct that…

Q: Why communism is a fail economic system?

A: Communism is an economic, social, philosophical and political movement and ideology whose final aim…

Q: A.Explain why newly posted job vacancies are not filled instantly when there is unem ployment?

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: How is the problem of what and how much to produce resolved in the capitalist system?

A: A capitalist system is an economic system where private enterprises own and control the resources of…

Q: "Welfare capitalism" is supported by the work of O The Social Security Act O Conservatives O Unions…

A: A kind of system where the concept of social welfare operates with capitalistic views is known as…

Q: Explain the term Capitalism?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: ost correct answer to the following questions/phrases. Only umber and the letter of your answer. nd…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: What economic zone set by countries such as China and Indonesia can be seated as an example of…

A: The term "neoliberalism" is often used to denote market-oriented reform efforts. "Removing price…

Q: Is the Chinese econmy communist, capitalist, market-socialist – or something else?

A: A specific geographic area's system of production, resource allocation, and distribution of goods…

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…

Q: Which of the following items is a good synonym for “crony capitalism”? a. Prejudice b. Bribery c.…

A: Crony Capitalism: The term Crony Capitalism refers to the economy in which the growth and success of…

Q: Explain why Max Weber has a strong belief that the strong protestant work ethic is the key to the…

A: Max Weber, a German sociologist and economist, believed that the Protestant work ethic played a…

Q: ow has the development of capitalism influenced what became the United States from Contact to the…

A: Since the breakdown of feudalism, capitalism, also known as free market economy, has been dominant…

Q: Why fraud and many illegal things are related to capitalist system?

A: Capitalism is a market system in which there is no or little government intervention. The private…

Q: utilitarianism have good or bad effects on business?

A: The concept of utilitarianism refers to the belief of doing such things that will bring happiness to…

Q: What mechanism Islamic economic system provides to encounter those flaws? Those flaws mean…

A: (a)   The Islamic monetary framework is the assortment of rules, qualities and norms of direct that…

Q: What are the main types of economic systems? Don't use chatgpt or other ai tool. If you know…

A: Globally, economies come in a variety of forms. While they all have certain commonalities, each has…

Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.