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tekilochka [14]
3 years ago
10

Who believed that fluctuations in the business cycle were the result of class conflicts between labor and capital

Business
1 answer:
Gennadij [26K]3 years ago
6 0

Answer:

Karl Marx

Explanation:

Karl Marx was a German economist that lived in the 19th century. His definition of capital as the most important factor of production was actually quite accurate and advanced for his time. He was the first major economist to state that capital by itself was enough to generate wealth.

He also proposed socialism as the higher stage of capitalism, which actually works in many European nations which are considered social democracies, e.g. Sweden, Norway, Denmark, Holland, Germany, etc., and at the same have the highest standards of living in the world.

Personally, I believe that his major flaw was to go a few steps further and believe in communism and that it would solve all of humanity's problems. Communism is not the same of socialism, since socialism believes in an economy under the influence of the state but also supports individual merit and private property. E.g. someone that works hard should be paid more, i.e. personal wealth is not bad. On the other hand, communism believes that the state must control the economy and that individuals should be rewarded based on their needs, not their work. It doesn't matter if you work hard or not even work at all, the state must satisfy your needs.

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A breakdown in bargaining happens when one party repeatedly holds our for a better deal. In this cases, private solutions to this kind of externalities is deemed necessary. Though bargaining is quite common among transactions made by economists, it cannot be helped that there are certain problems that arise from this.
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The use of the allows bank customers the ability to complete most transactions electronically without leaving home.
jeka57 [31]

The use of the <u>internet  </u>allows bank customers the ability to complete most transactions electronically without leaving home.

<h3>What is Internet?</h3>

Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.

Example of internet are:

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Hence, internet play an important function  as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.

Learn more about internet here:brainly.com/question/2780939

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5 0
1 year ago
Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant P
Sonja [21]

Answer:

See attached file

Explanation:

4 0
3 years ago
QUESTION 1 of 10: True or False: Letting employees fail actually contributes to the success of the business.
Rudik [331]

Answer:

True

Explanation:

By failing you learn from your mistakes, and it's just overall good to fail, the more you fail the more you learn and learn not to repeat it.

5 0
3 years ago
What three factors that had a negative impact on the financial performances of unibic in its early years?
Ugo [173]

Answer:

Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years

Explanation:

The three factors that negatively impacted the financial performances of unibic in its early years were as follows

a) The price of Unibic cookies was higher as compare to its other competitors.

b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic

c) Packaging, branding and marketing  not as per the public requirement

4 0
2 years ago
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