What is the main difference between how capitalists and socialists view profits?

A.) Socialists believe that profits are immoral and capitalists believe that profits are excessive.

B.) Capitalists believe that profits are immoral and socialists believe that profits are inefficient.

C.) Socialists believe that profits are beneficial and capitalists believe that profits are immoral.

D.) Capitalists believe that profits are beneficial and socialists believe that profits are immoral

Question

Social Studies

Keith Decker

3 November, 17:19

What is the main difference between how capitalists and socialists view profits?

A.) Socialists believe that profits are immoral and capitalists believe that profits are excessive.

B.) Capitalists believe that profits are immoral and socialists believe that profits are inefficient.

C.) Socialists believe that profits are beneficial and capitalists believe that profits are immoral.

D.) Capitalists believe that profits are beneficial and socialists believe that profits are immoral

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Answers (2)

Know the Answer?

Bennett Shea · Answer 1

Bennett Shea 3 November, 18:56

0

The correct answer is D!

Cynthia Fitzgerald · Answer 2

I believe the answer is: D. Capitalists believe that profits are beneficial and socialists believe that profits are immoral

Capitalist see profit as beneficial because it provide the producer incentives to provide the goods or services that is useful for other people.

Socialist tend to see profit as immoral because they inherently believe that producers who take profit are taking advantage of the consumers.