Question

What is the correct meaning of the term welfare capitalism

Answer 1

The answer is C.) the capitalist economy is controlled by the state for the benefit of the poor

Answer 2

Answer:

The correct meaning of the term welfare capitalism is that D) welfare is provided to those who own businesses in the private sector.

Explanation:

In the concept of welfare capitalism, the government believes that the entities in the private sector can dispense better services than the government. Thus welfare policies are followed in lunchrooms, cafe, and so on. It is followed in Kodak and IBM.

Thus, the government puts emphasis on capitalizing businesses in the private sector expecting them to provide services to the needy as compensated rates. This concept is in contrast with the concept of the welfare state.