The opportunity cost is the value of the next best alternative foregone. Every decision necessarily means giving up other options, which all have a value. The opportunity cost is the value one could have derived from using the same resources another way, though this is not always easily quantifiable.
Answer:
Communism
Explanation:
According to the Soviet Union, a communist society defined by common ownership ends the exploitation of labour. The idea of communism different from capitalism as it deals with unfair gaps in Incomes, collective ownership of means of production, and the abolition of private property.
According to the US point of view, the communist government controls everything, including the rights of the people. People have no say in the policies and laws of the government. Communist does not believe in God, Democracy, and Christianity.
The senate aggressively attacked Bork's character and record in public way
Answer:
The critique of capitalism refers to views and theories that criticize the economic order that spreads with industrialization, which is based on private property, market economy, capital accumulation, dependent wage labor and the individual pursuit of profit, either in principle or in individual aspects.
Hardly different from capitalism itself, the history of criticism of capitalism dates back to the 19th century. The criticism is expressed in individual elements of capitalism such as money and interest management, private ownership of means of production and maximization of profit as well as the consequences attributed to them such as exploitation and impoverishment of the working class.
Practical criticism of capitalism can manifest itself in the establishment of cooperatively organized companies and banks or alternative economic sectors as well as in the partial or full takeover of individual economic segments by actors who pursue less individual pursuit of profit than tasks and goals oriented towards the common good.
