Business is the foundation of a vibrant economy and society. In your opinion, what benefits a business can bring to an economy in a capitalist system?
Answers
Answer:
How can we improve communication?
Answer:
It supports effective manufacturing. Because they can sell more products and make more money than inefficient producers, mixed-market capitalism favours the most productive producers.
Explanation:
Step 1: Political freedom is aided by economic freedom. Governments that control the means of production and set the prices always result in strong states and a sizable bureaucracy that may spread into other spheres of society.
Step 2: People have great incentives to work hard, become more efficient, and create superior goods under capitalist systems. The market maximises economic progress and personal wealth while offering consumers a choice of goods and services by rewarding creativity and innovation.
Step 3: Without a question, capitalism plays a significant role in the contemporary era's creativity, riches, and success. Businesses are motivated to operate as efficiently as possible by competition and capital accumulation, which enables investors to profit from that expansion and customers to enjoy cheaper pricing on a greater variety of goods.
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