Answer:
the tenth amendment - protection for the rights of states
Explanation:
B.even out inequalities of wealth.
C.encourage little government oversight.
D.build housing and schools for workers.
The correct answer is B.
The main objective of socialist and communist economic systems was to achieve economic and income equality among all members of society.
In order to ensure so, goverment would intervene in every aspect of the the economy, everybody would have a job position and earn an equal salary and all the property will be public (therefore, private properties had to be nacionalized).
As economic theories, the main objective of socialism and communism was to eliminate economic equalities among all the members of human society.
Thus, the correct option is B.
Further Explanation:
Those who stand for both the ideologies of socialism and communism strongly oppose the idea of allowing private ownership of businesses. Proponents of both theories argue that private businesses encourage concentration of wealth in the hands of a few people, called capitalists, while simultaneously exploiting the labor of the poor masses for fulfillment of the former’s selfish needs, which leads to the emergence of haves and have-nots. This capitalist system, according to them, is the root cause of rising income inequalities among different members of society. Hence, in this context, the capitalist system is an exploitative system. Both the ideologies of socialism and communism argue that in order for the establishment of a just and equitable society, private ownership of businesses must be put to a complete end.
Proponents of both socialism and communism also believe that government intervention in all aspects of the economy is absolutely indispensable. It must ensure that all people get jobs, earn salaries on equitable terms and private ownership of property must be totally abolished. In this context, they argue that maximum government interference is necessary and that it cannot afford to neglect any aspect of the economic system, lest the poor masses remain in continual suffering at the hands of the few rich capitalists.
Learn more:
1. What contributed to the downfall of china’s republic? brainly.com/question/686080
2. What did china agree to do once the treaty of nanjing was signed? brainly.com/question/175568
Answer Details:
Grade: High School
Subject: History
Chapter: New Economic Theories
Keywords:
Private ownership, concentration of wealth, capitalists, haves and have-nots, income inequalities, government intervention
b. False
The correct option is (C). A government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.
Further Explanation:
Laissez-Faire:
The theory of Laissez-faire in the 18th century. It states that the government should not intervene in the business affairs of the country. All the business activities should be carried out independently to the government restrictions and involvement. Laissez-faire is a French word which means leave alone. Therefore, this theory supports the idea of free-flow of business activities in the economy.
This theory states that the interaction of the government blocks the creativity of the business so, in Laissez-faire economy, the interference would be free to form an entity and take actions freely without the of the government.
Thus, a government is Laissez-faire when it does not interfere in business affairs and does not regulate its actions.
Justification for the correct and incorrect option:
A.
Fairly regulates workers: This is an incorrect option.
In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the workers.
B.
Fairly regulates businesses: This is an incorrect option.
In Laissez-faire, the government does not interfere in the actions of the business.
C.
Does not interfere with business affairs and does not regulate its actions: This is the correct option. In Laissez-faire, the government does not interfere in the actions of the business. Therefore, it does not regulate the actions of the business.
D.
Leaves workers alone and doesn’t regulate unions: This is an incorrect option.
The government does not interfere in any activity of the business.
Learn more:
1. Learn more about the command economy
2. Learn more about the lawmaking process
3. Learn more about the social reforms
Answer details:
Grade: Senior School
Subject: Economics
Chapter: Types of Economics
Keywords: Government, laissez-faire, fairly, regulates, workers, businesses, .does not interfere, with business affairs, regulate actions, leaves, workers, alone, doesn’t, regulate, union.
A government is laissez-faire when it does not interfere with business affairs and does not regulate its actions
Further Explanation
Laissez-faire is an economic theory that resists any form of government interference in business affairs. It uses the principle that the less involvement of the government in the economy the more successful it can become, leading to the success of society as a whole. Free market capitalism is based on this Laissez-faire philosophy.
The following are the common types of legislation Laissez-faire economists oppose:
• minimum wages
• duties
• trade restrictions
• corporate taxes
Effects of Laissez-faire in the society
While Laissez-faire was implemented in the late 18th and early 19th century it was also noticed that it resulted in large gaps between the wealthy and the poor, unsafe working conditions for the workers and starvation.
Government Intervention
In the beginning of the 20th century significant government controls and regulations were implemented with the goal of protecting workers from unsafe working conditions and to protect consumers from unfair trading practices.
Criticism of Laissez-Faire
Critics of Laissez-faire targeted the moral ambiguities that is attached to capitalism as a system, to which, it does not inherently protect the lowest in the society. As an argument, advocates believe that when individuals pursue their interest first, the benefits will follow. However, for the detractors, Laissez-fair only leads to economic imbalances and poverty.
Learn more
Keywords: laissez-faire, economics, government
Answer:
Colombus thought he was on an island near the coast of India, he called the natives "Indians." Even after they discovered it wasn't India, the name stuck.
Explanation:
got it right on my question
Gentlemen's Agreement
Monroe Doctrine
Sherman Anti-Trust Act