This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Jillian earned 10 per hour as gallery assistant. This money represents her a. income. b. wealth. ... (Read 56 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jul 2, 2018
Jillian earned 10 per hour as gallery assistant. This money represents her
 
  a. income.
  b. wealth.
  c. earning potential.
  d. net worth.

Question 2

Discuss the basic tenet of capitalism and how it affects the persistence of poverty.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 2, 2018
Answer to Question 1

Answer: a. income

Answer to Question 2

Feedback: The basic tenet of capitalism is that who gets what is determined by private profit rather than by collective need. The primacy of maximizing profit works to promote poverty in several ways. (1) Employers are constrained to pay their workers the least possible in wages and benefits. (2) The primacy of profit induces poverty by maintaining a surplus of laborers, because a surplus depresses wages. (3) The impact of the primacy of profits in capitalism is that employers make investment decisions without regard for their employees (potential or actual).


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jul 2, 2018
YES! Correct, THANKS for helping me on my review

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
A medical assistant labels the allergens for a patch test. A medical assistant labels the allergens for a patch test.
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Students and Money Students and Money
Relationship between Income Inequality and Sociopolitical Instability Relationship between Income Inequality and Sociopolitical Instability
How Health Interacts with Income How Health Interacts with Income
Video: Decubitus Ulcer

For a complete list of videos, visit our video library