Who are goods and services being produced for in a capitalist economy? A.everyone who needs them B.people who can pay for them

1 answer:

34kurt3 years ago

8 0

Answer: A socialist economy is a system of production where goods and services are produced directly for use, in contrast to a capitalist economic system, where goods and services are produced to generate profit (and therefore indirectly for use). "Production under socialism would be directly and solely for use.

Explanation: The advantages of capitalism include: Consumer choice - Individuals choose what to consume, and this choice leads to more competition and better products and services. Efficiency of economics - Goods and services produced based on demand create incentives to cut costs and avoid waste. The fundamental difference between capitalism and socialism is the ownership and control of the means of production. In a capitalist economy, property and businesses are owned and controlled by individuals. In a socialist economy, the state owns and manages the vital means of production.

You might be interested in

Help please don’t know what I’m doing

Fofino [41]

46.A
47.A
48.D
50.C
51.B
52.B

5 0

3 years ago

Read 2 more answers

Which of the following best defines the underlined word: “Dr. Benjamin Carson pioneered several procedures, saving the lives of

ioda

I think the correct answer is B PLZ mark my answer brainliest!!!

6 0

3 years ago

Read 2 more answers

in what ways did the constitution address the idea of no taxation with representation"? In what ways did it fall short.

qaws [65]

Answer: Taxation without representation was possibly the first slogan adopted by American colonists chafing under British rule.1

They objected to the imposition of taxes on colonists by a government that gave them no role in its policies.

In the 21st century, the people of the District of Columbia are citizens who endure taxation without representation.

Explanation:The phrase taxation without representation describes a populace that is required to pay taxes to a government authority without having any say in that government's policies. The term has its origin in a slogan of the American colonials against their British rulers: "Taxation without representation is tyranny."1

7 0

3 years ago

How can uv radiation cause genetic variation

Brums [2.3K]

When ionizing radiation causes DNA damage (mutations) in male or female reproductive (“germ”) cells, that damage can be transmitted to the next generation (F1). This is in contrast to mutations in somatic cells, which are not transmitted. Detection of human germ cell mutations is difficult, especially at low doses Answer:

Explanation:

5 0

3 years ago

15. In a

disa [49]

Answer:

Explanation:

7 0

3 years ago