Ask Question
BusinessBusiness
17 September, 20:31

Capitalism is founded on

+5
Answers (2)
  1. 17 September, 20:55
    0
    Making a profit from sales in a competitive market.
  2. 17 September, 21:31
    0
    A capitalist society thrives on competition. All social systems have competition, the only difference is that in capitalism, all such competition for economic power results in the creation of * wealth * (the goal of a capitalist society), whereas in other societies competition is for political power
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Capitalism is founded on ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A condition where people tend to perceive themselves in terms of their class background and this shapes their relationships with members of other classes is known as
Answers (1)
What do confucians and legalists think about the value of the past as a model for the present?
Answers (1)
Who are the competitors in the jarred baby food market? what market share do they have? is this industry concentrated?
Answers (1)
One common error in reasoning with economic models is the
Answers (1)
An investor invested $13,000 in the stock market. At the end of one year, she sold her stock for $18,800. What was her rate of return for that investment? (Round your answer to the nearest tenth of a percent.)
Answers (1)
New Questions in Business
One financial institution is offering a 1% interest rate on savings accounts while another institution is offering a 2% interest rate on savings accounts. Out of the two financial institutions, which offer would the bank probably be offering
Answers (1)
Gault Corporation had the following shares of stock outstanding on December 31, 2018: Common stock, $50 par value, 200,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding Dividends were in arrears
Answers (1)
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on check - ing accounts.
Answers (1)
What effect does the availability of many substitutes have on the elasticity of demand for a good?
Answers (1)
What strategies do companies use for their financial benefit
Answers (1)
Home » Business » Capitalism is founded on
Sign Up Forgot Password?