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According to Karl Marx, workers in a capitalist economy are alienated from the product or products they produce because all of t

oee [108]

Answer:

Living most of his life in Britain during the Industrialization period, Karl Marx noted that the only party who is benefiting from capitalism is Bourgeoisie (Those who own means of productions) not the Proletariat (workers who sell their labor for wages) as he looked at the society which was in contradiction, that is " In the country so rich, how could so many people be so poor ". He in that context blamed capitalism for creating alienation.

Explanation:

He defined Alienation as 'the experience of isolation and misery resulting from powerlessness'. Further, Karl Marx also noted that Proletariat (workers) are nothing more than a source of labor to the capitalist as they can be fired and hired at the will of those capitalists. And said that Capitalism has also made human a machine as they cannot learn much from it because they do sets of repeating similar tasks every day as from day 1 which is also nowadays referred to specialization (getting good at one skill) and results in dissatisfaction of workers and increase their powerlessness (the feeling that they have little or no control over their situation).

There are 4 types of alienation resulted from capitalism.

Alienation from products of work: Marx argued that as more efforts a worker put in manufacturing the particular product the more he gets away from it because the product which these workers produce doesn't belong to them they belong to the people who own the resources i.e Capitalists and they sell it to gain profit.
Alienation from other workers: Since specialization has created a never-ending cycle of doing the same tasks everyday workers engage in them so deeply that they don't even realize that someone else is working as well in the same field. Workers don't have a sincere bond between them. A good example of this would a big factory where there are many departments and the worker of the marketing department doesn't get to know the worker in the management department.
Alienation from human potential: As stated in the first paragraph that capitalism ruins the Gains of the job ( Learning, enjoying, satisfaction ) so the worker doesn't relate to it or is satisfied with it rather he is just fulfilling the requirement of the capitalist i-e producing. In result, he doesn't care for his health or just feels exhausted while trying hard to earn personal and little incentives.
Alienation from the act of working: Since workers don't have any say in how to make, what to make, they are not satisfied with the way what they work and have become machines.

5 0

4 years ago

_____ involves determining the information and communications needs of the stakeholders.

vagabundo [1.1K]

The appropriate response is communications planning. It is the art and science of achieving target gatherings of people utilizing showcasing correspondence channels, for example, promoting, advertising, encounters or standard mail for instance. It is worried about choosing who to target, when, with what message and how.

4 0

3 years ago

Sandel Company makes 2 products, footballs and baseballs. Additional information follows: Footballs Baseballs Units 4,000 2,500

aleksandr82 [10.1K]

Answer:

Contribution margin per unit Footballs $6 per unit, Baseballs $7.2 per unit.

Baseball.

Explanation:

FootBalls:

Sale Price per unit = Sales / Units

Sale Price per unit = $60,000 / 4,000 units

Sale Price per unit = $15 per unit

Variable Cost per unit = Variable Cost / Units

Variable Cost per unit = $36,000 / 4,000

Variable Cost per unit = $9 per unit

Contribution Margin per unit = Sale Price per unit - Variable Cost per unit

Contribution Margin per unit = $15 per unit - $9 per unit

Contribution Margin per unit = $6 per unit

Baseballs:

Sale Price per unit = Sales / Units

Sale Price per unit = $25,000 / 2,500 units

Sale Price per unit = $10 per unit

Variable Cost per unit = Variable Cost / Units

Variable Cost per unit = $7,000 / 2,500

Variable Cost per unit = $2.8 per unit

Contribution Margin per unit = Sale Price per unit - Variable Cost per unit

Contribution Margin per unit = $10 per unit - $2.8 per unit

Contribution Margin per unit = $7.2 per unit

Contribution Margin per Unit tells Sandel that which product contribute higher in consuming fixed cost after contributing the variable cost from sales, in order to earn greater profit. Hence, Sandal should tell his people to emphasize on Baseball, as have, higher Contribution Margin per unit.

4 0

3 years ago

The only relevant difference between the curves for a monopoly and the equivalent ones for a firm in a competitive market is tha

mixas84 [53]

The only relevant difference between the curves for a monopoly and the equivalent ones for a firm in a competitive market is that marginal and average revenue slope downward for the monopolist.

What type of curve does a monopoly have?

A monopoly encounters a downward-sloping market demand curve in Panel (b).
It chooses its profit-maximizing output in its capacity as a profit maximizer.
However, after determining that quantity, it uses the demand curve to determine the price at which it can sell that output.

What is a difference between a monopoly and perfect competition ?

While in monopolistic competition, businesses produce slightly different goods, in perfect competition, businesses produce identical goods.

How does a demand curve for a monopoly differ from a demand curve for a perfectly competitive firm?

Because the monopolist is the sole company operating in the market, its demand curve is identical to the market demand curve, which is downward-sloping as opposed to the demand curve for a perfectly competitive firm.

Learn more about monopoly

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3 0

2 years ago

On December 31, 2018, Wellstone Company reported net income of $73,000 and sales of $202,000. The company also reported beginnin

erma4kov [3.2K]

Answer:

$191,000.00

Explanation:

The cash amount of cash collected from customers is the amount of sales revenue in the year 2018 adjusted for changes in accounts receivable balances as shown by the formula below:

cash collected from customers=sales revenue+begining accounts receivable-ending accounts receivable

sales revenue=$202,000

the begining accounts receivable=$16,500

the ending accounts receivable=$27,500

It is expected that cash received would be sales less the increase in accounts receivable

cash collected from customers=$202,000+$16,500-$27,500

cash collected from customers=$191,000.00

6 0

3 years ago