1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irinina [24]
2 years ago
10

Write a letter as if you are Adam Smith to Karl Marx, or Karl Marx to Adam Smith. Explain your ideas on economics (capitalism vs

. socialism) and why they are better. Your response should be in a letter format, including a greeting, body, and farewell. It must contain at least one paragraph.
Can I get help writing this letter?
History
1 answer:
user100 [1]2 years ago
6 0

Answer:

I am Adam Smith

Explanation:

Dear Karl Marx

I write to you to explain, respectfully, why your economic theories are wrong.

First of all, capitalism is not doomed to fail as you say. Capitalism is the best economic system we have developed so far. Capitalism allows the free movement of goods and services, and the accumulation of capital, which leads to economic growth, and the subsequent rise in the standards of living. You yourself recognize this fact.

Secondly, capitalism is not fundamentally unfair. It is true that entrepreneurs tend to earn more than workers, but this is because they risk more than them: they risk their capital and savings, and if the business fails, they could find themselves ruined and in debt.

Finally, I do understand that there are flaws with the system, and I support intelligent intervention to solve these flaws. But it is not socialism nor communism what will solve those flaws.

Sincelery, Adam Smith.

You might be interested in
Why was abraham lincoln's assassination bad for the south
liq [111]
Some people in the north thought of all the south as barbaric. Also he wanted only for a unified america to emerge. It was also bad for the south because a new civil war almost arose.
8 0
3 years ago
Read 2 more answers
Who is the last prophet to the Muslims?<br><br> Jesus<br> Moses<br> Mohammed<br> Abraham
Genrish500 [490]
Hi!

Muslims believe that the last Prophet was Mohammed. (Also spelled Muhammad). =)
6 0
3 years ago
Read 2 more answers
A major cause of the Enlightenment was a renewed interest in nobility the Scientific Revolution the French Revolution a growing
makvit [3.9K]

Correct answer choice is:


The Scientific Revolution


Enlightenment philosophers were the liberals of their time. They were generally humanists who endorsed non-discrimination and human integrity. The concepts of the Enlightenment assisted the cause of American Revolution and as a result of they shaped the philosophical essence for America's profess that it ought to have a lot of autonomy. One among the key concepts of the Enlightenment was that concepts shouldn't incline faith in a religion or philosophy just because they were ancient.

6 0
2 years ago
Read 2 more answers
Which are steps taken by the first empor of a united china to unify the country
Jobisdone [24]
Anyways here:
He built a network of roads and canals and established a national religion. They built the Great Wall and standardized system of weights and measures. They made the army bigger and forced nobles to move to the capital.
6 0
3 years ago
ФWhat statement best describes the industrialization of other western nations after Britain?
zloy xaker [14]

The statement that best describes the industrialization of other wester nations after Britain is option A. Some nations learned about the new technology and had more resources than Britain so they could advance quickly.

8 0
2 years ago
Other questions:
  • Why do you think Independence, Missouri, is the starting point for the Santa Fe Trail?
    5·1 answer
  • Which groups were not represented by the constitution
    8·1 answer
  • What is the name of the large arc of farmland that includes Mesopotamia
    6·1 answer
  • Which describes the reason for hardship in the Muslim world during the time of the European Middle Ages
    10·1 answer
  • I need help can you guys answer these for me?!
    13·1 answer
  • How did Mesoamerican civilizations usually transport people and goods?
    9·1 answer
  • Which phrase best describes the New World Order?
    9·2 answers
  • Explain why do you think the amendment you chose is most important?
    7·1 answer
  • How does Columbus describe the people of Hispaniola? List at least three pieces of evidence from the passage.
    12·1 answer
  • What was the effect after the Zealots rebelled against Roman rule?​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!