This topic contains a solution. Click here to go to the answer

Author Question: Jillian earned 10 per hour as gallery assistant. This money represents her a. income. b. wealth. ... (Read 47 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
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
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
:D TYSM


ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

For a complete list of videos, visit our video library