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Alexxx [7]
1 year ago
11

In terms of production, what best describes the difference between capitalism and socialism? capitalism is a system in which goo

ds are made by private businesses, but socialism stresses government control over production. capitalism is a system in which the government controls production, but socialism stresses production by private businesses. capitalism is a system in which people pursue their own self-interests, but socialism stresses an equal distribution of wealth. capitalism is a system in which government should "plan" the economy, but socialism stresses that free market dictates production.
History
2 answers:
borishaifa [10]1 year ago
8 0

In terms of production, the major difference between capitalism and socialism is that capitalism is a system in which people pursue their own self-interests, but socialism stresses an equal distribution of wealth.

<h3>What Is Capitalism?</h3>

Capitalism is an economic theory which describes the situation where the factors of production are firmly under the control of the private sector.

Basically, the capitalist market is driven by the law of demand and supply.

Socialism on the other hand is an economic principle where the factors of production are under the care of the community and each citizen is given only what he or she need at a time.

Learn more about Economic theories at brainly.com/question/14177195

#SPJ1

adoni [48]1 year ago
3 0

Answer:

<u>A</u>

Explanation:

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Answer:

$10.

Explanation:

The key word here is a "monopolist", or an individual/company that has complete control over a certain amount of market.  Marginal revenue, as defined, is an increase in revenue that results from the sale of one additional unit of output.

This is important to note, in that <em>usually when a price is raised, as long as there is comparable quality with competitors who have lower prices, an increase of price will typically lower demand for the product(s) from that individual supplier. </em>However, in holding a monopoly, <em>no matter how much or little they change the prices, as the product is in demand, the market demand would not change as much assuming all things stay the same</em> (i.e., natural demand is still the same amount as before the price change).

So, for example, that there is a natural demand for computer chips. You as well as your company, is the only company that makes computer chips, or at least you make the majority of the computer chips (>90%). This typically means that, if no other company or government has the means to be able to achieve adequate production of computer chips, and as computer chips are important in everyday products and a part of human life now, then an increase of price by $10 is justifiable under the Nature of Demand. The marginal revenue then, would be $10 (the amount increased).

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brainly.com/question/13873790

8 0
1 year ago
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What was the role of the First Nations people during the battle of York? What were the names and roles of the people involved?
ad-work [718]

Answer:

The First Nations

Explanation:

The role of the First Nations people in the battle of York was to fight against Americans. The battle of York was part of the War of 1812, where the First Nations warriors played important roles in defending British territories against American forces. First Nations people sided with the British during the war because both resist American expansion in Northern America (Canada).

Some name of names of the warriors were John Brant (Mohawk War Chief), John Norton (Six Nations War Chief).

John Brant Brant played an active role as war chief and warrior. He also played a significant role in the war along with John Norton.

John Norton recruited Six Nations and Delaware warriors in war.

3 0
3 years ago
Which Of The Following Was A Major Problem For The United States In The Late 1970’s?
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Answer:

You kind of already got the answer but if you didnt realize it i will repeat it.

It caused High Gas Prices and Oil Shortages.

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Katyanochek1 [597]
The fifteenth amendment gave African Americans the right to vote. However they still couldn't because of poll taxes and literacy tests.
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3 years ago
Can anyone help on any of these plzzzz
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9 would be to stop the spread of communism

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