Explain the benefits of capitalism. Support your discussion with reasons and evidence.

1 answer:

7 0

Capitalism is a great economic system for several reasons.

1) Individuals have a significant amount of freedom.- Citizens have the ability to buy whatever products they want, as long as they have the money to pay for it. This allows citizens freedom, as their is no government limiting what they buy on a day to day basis.

2) Businesses compete, which drives down prices- In a capitalist society, there is very little government interference with the economy. This allows businesses to compete against each other. This competition drives down prices because if a business charges an extremely high amount for a good and another business in the same industry charges much less, people will go to the business that charges the least amount.

You might be interested in

To help Black southerns adjust to freedom, Congress created...

Arada [10]

The freedom of Bureau I think

8 0

3 years ago

Please Help Asap :))

Gnoma [55]

Answer:d.

Explanation:

State and local courts must honor both federal law and the laws of the other states. ... Claims based on federal laws will permit the federal court to take jurisdiction over the whole case, including any state issues raised. In those cases, the federal court is said to exercise “pendent jurisdiction” over the state claims.

8 0

1 year ago

How do government assistance programs promote the general welfare?

Fittoniya [83]

Answer:

Congress is charged by the Constitution with providing for the general welfare of the country's citizens. Historically, this has meant improving transportation, promoting agriculture and industry, protecting health and the environment, and seeking ways to solve social and economic problems.

3 0

2 years ago

How did the United States respond to changes in the global economy?

ollegr [7]

Answer:

by joining NAFTA the GATT

4 0

2 years ago

The half-life of polonium-218 is 3 min. if you start with 16 mg, how long will it be before only 1.0 mg remains?

babymother [125]

The decay equation is of the form
$m(t) = m_{0} e^{-kt}$
where
m(t) = the mass remaining after t minutes
m₀ = the initial mass
k = constant

Because the half-life is 3 minutes, therefore
$e^{-3k} = \frac{1}{2}$
Therefore
-3k = ln(0.5)
k = ln(0.5)/(-3) = 0.231

Because m₀ = 16 mg, the time, t, for the mass to decay to 1.0 mg is given by
$e^{-0.231t} = \frac{0.1}{16} =0.00625 \\\\
-0.231t = ln(0.00625) \\\\ t = \frac{ln(0.00625)}{-0.231} =21.97 \, min$

Answer: 22 min (nearest integer)

3 0

2 years ago