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:

34kurt2 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

What kind of economic does south Africa have

Alborosie

Africa has a balanced economy

4 0

3 years ago

According to this Preamble, what are three things that “the people of the United States” wanted to do by establishing the Consti

Lapatulllka [165]

Answer:There is no preamble to look at?

Explanation:

Make sure you upload the file or link to the preamble

4 0

3 years ago

How can migration help to hinder a country?

Ksivusya [100]

Answer:

Migrants send not only money, but also social remittances. ... Yet, migration can also generate negative effects for origin countries. Even though developing countries can benefit in the long run from the emigration of skilled people, the brain drain can prevent poor countries from investing in human capital.

3 0

2 years ago

In a _____electoral system, political parties are awarded legislative seats in rough approximation to the percentage of popular

dexar [7]

Answer:

proportional representation

Explanation:

it is where the electoral systems in which divisions look at creating a representative body which reflects on how the overall distribution of public support for the political parties where the systems reward the more effective strong parties and giving penalties to the more weak parties.

3 0

3 years ago

According to the liberal perspective, which of the interactions among states has a strong impact on international relations?

anygoal [31]

Answer:

According to the Liberal perspective aid given to the needy will have a strong impact on international relations such as the world Health Organization.

Also alliance system between states will have an international impact on international relations. such as NATO.

Explanation:

Liberalism: is a political and moral philosophy based on liberty, consent of the governed and equality before the law.

7 0

3 years ago