In this course, it has been claimed that capitalist firms invest capital first and foremost toGroup of answer choicesproduce more capital than they started with.provide more “use value” for society in generalcreate jobs and social stability within communitiesmitigate climate change.
Question
In this course, it has been claimed that capitalist firms invest capital first and foremost toGroup of answer choicesproduce more capital than they started with.provide more “use value” for society in generalcreate jobs and social stability within communitiesmitigate climate change.
Solution
The primary reason capitalist firms invest capital is to produce more capital than they started with. This is because the main goal of capitalism is to generate profit. While capitalist firms may also contribute to providing more "use value" for society, creating jobs and social stability within communities, and mitigating climate change, these are often secondary considerations to the primary goal of profit generation.
Similar Questions
A capitalist is a passive risk bearer.Group of answer choicesTrueFalse
A key element in capitalism is:Group of answer choicesa low standard of livingScratchindividual ownership of propertyScratchgovernment ownership of propertyScratchgovernment control of marketScratchcontinued growthScratch
Which of the following is a benefit of the global capital market for investors?Access to a greater pool of funds and exposure to larger investor baseAbility to borrow money at lower cost of capitalAccess to a considerably greater variety of investment options
The role of the entrepreneur in society is toMultiple Choiceprovide capital to the firm which the management combines with labor.bring the factors of production together and take the risks of producing.control the land upon which all production takes place to get the most rent.regulate what products are considered safe to market.
As presented and illustrated in class, capitalism as a social system is marked most distinctly byGroup of answer choicesthe state/government directly controlling most parts of the economy.everyone in society pursuing the goal of endless capital accumulation.businesses/capitalists being driven to continually re-invest profits to accumulate more profits.businesses making a profit in their line of work/activity.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.