Which economic system does a better job improving living conditions for the poor, capitalism or socialism?

Q: which economic system did Ayn Rand claim was the best to support her theory?  a. socialism  b.…

A: Aye Rand was a writer and philosopher. She was born in Russia.

Q: How has technology flattened the world in terms of providing economic opportunity?

A: Technology has flattened the world.It has increased economic opportunities around the…

Q: What makes Islamic economic system different from socialism and capitalism?

A: An economic system is a collection of rules that regulate how a company operates and makes decisions…

Q: How did capitalism change lives for the better? How did it impact lives negatively? In what ways has…

A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…

Q: How business schools can improve the quality of education to produce and nourish good business…

A: Business schools are the major sources of making leaders for the future for the corporate world,…

Q: Explain economic impacts of democracy?

A: When a nation transforms from a non-democratic system to a democratic one, it often experiences a…

Q: Question 1.  What makes Islamic economic system different from socialism and capitalism?

A: Islamic economic system Answer: The objectives of the Islamic economic system is the realization of…

Q: the difference between mercantilism, liberalism, and Marxism. How does each view the purpose of…

A: Mercantilism was a trade-related economic policy that mainly existed from the 16th to the 18th…

Q: What are economic communities?

A: Answer: Economic communities are formed to promote international trade and economic cooperation…

Q: Why there is a need of an Islamic Economic system

A: An economic system is a system in which resources, goods, and services are allocated to the society…

Q: How are cities related to farming and the Industrial Revolution?

A: Cities got developed during the Industrial Revolution(IR) as laborers left their farms to cluster in…

Q: Why does economy exist in the world?

A: Economics is the study of household management and the activities related to the business or firm in…

Q: will happen to the country or world if there is no economic system?

A: Everyone would be totally self-sufficient, sitting around their very own fires, Preparing no matter…

Q: Sub-Saharan Africa includes some of the poorest nations in the world. What would you say is the…

A: The reasons that Sub- Saharan Africa includes some of the poorest nations in the world are…

Q: What are the major economic systems?

A: An economic system is the combination of different government plans and allocation of the resources…

Q: What are the cultures of capitalism?

A: The collection of behavioral traits, cultural standards, ideals, and patterns of behaviour that are…

Q: educational institutions help further in the preservation of our history and culture?

A: Culture: The qualities and knowledge of a particular group of people comprising language, religion,…

Q: The United States as well as most of the world’s economic systems fall in to which category?

A: There are mainly three type of economic system prevail in the real world. They are A, Socialist…

Q: What are Traditional Society, Command Economy, Market Economy, and Mixed Economy? Which is best?

A: When a certain good is manufactured, cost  takes place and process of business follow ups. Business…

Q: Why do you think that most modern countries’ economies are a mix of command and market types?

A: If economic decisions are taken by the government, it is known as the command economy. In such a…

Q: Prices and wages help coordinate economic activities. Why?

A: Economic activity is the process by which people purchase or sell goods and services to meet their…

Q: Economists believe everything is scarce EXCEPT a. technology b. wants c. time d. money e. knowledge

A: In Economics, the term ‘scarcity’ refers to the state of being limited and finite. The resources…

Q: Who invented capitalism?

A: Economies are classified into different forms based on the characteristics of their market. Some…

Q: What is capitalism, and how does it work?

A: Capitalism is one of the form of economic system using which a specific economy is operated.

Q: Compare the economic systems: Capitalism, Socialism and Mixed Economy. Also explain that in which of…

A: Capitalism, Socialism, and Mixed Economy. Answer: Capitalism refers to a free market system that is…

Q: write an essay about neoliberalism, marketization, or exclusion?

A: Summary- Neoliberalism is contemporarily used to allude to showcase situated change approaches, for…

Q: Is the United States a capitalist society?

A: A capitalist economic system is one characterised by free markets and the absence of government…

Q: How does the capitalism economy give to the communities?   How does the capitalism economy take away…

A: Capitalism refers to the market form where people are allowed ti make economic activities according…

Q: Identify the gaps/flaws of Capitalist and Socialist economic systems.

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only the first…

Q: Compare and contrast the world’s major economic systems. Why is capitalism growing, communism…

A: Capitalism believes in complete freedom in business and production processes and a more competitive…

Q: Which type of economic system do you support? Why?

A: The mixed economic system, market economic system, and the command economic system are the three…

Q: How do countries know if their economic systems areworking?

A: An economic system is a method by which governments organize and distribute resources, services, and…

Q: what are the socialism and communism systems?

A: Socialism and communism are economic systems.

Q: What are the 5 economic systems?

A: ‘Economic system’ is a means or tools by which society or government controls, distributes the…

Q: Who owns property in a socialist system?

A: .Socialism is a social and economic theory that advocates public ownership and control of property…

Q: What are the 3 basic economic problems? Briefly

A: An economic problem is one that arises as a consequence of a scarcity of resources and requires…

Q: How are the natural and technological environments linked?

A: Natural environment includes all the living and non-living things that are occurring naturally.…

Q: what are differences between 4 economic systems?

A: An economic system is a way for governments or communities to distribute and organise resources,…