Ask Question
BusinessBusiness
4 July, 21:42

The prime minister of Equalia has called for the nation's legislators to enact new legislation designed to shift the country away from socialism toward a more capitalistic system. The prime minister acknowledges that some citizens will be unhappy with the radical changes. The most likely source of dissatisfaction with a move toward capitalism is

+4
Answers (1)
  1. 5 July, 00:05
    0
    The most likely problem to arise due to a shift from socialism to capitalism is unequal distribution of wealth.

    Explanation:

    In a socialist system the businesses and properties are owned by the government. The government ensures equal distribution of income and wealth in the society.

    However, in a capitalist system the business and properties are owned by private individuals. People earn income on the basis of their contributions. The government does not interfere in the economy, it's the market forces control the economy.

    In a socialist system income redistribution takes place from rich to poor. Such things do not happen in capitalism. So people are mostly to face the problem of unequal distribution of wealth through this shift.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The prime minister of Equalia has called for the nation's legislators to enact new legislation designed to shift the country away from ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
In an examination of purchasing patterns of shoppers, a sample of 20 shoppers revealed that they spent, on average, $54 per hour of shopping. Based on previous years, the population standard deviation is thought to be $21 per hour of shopping.
Answers (1)
In January, 2006, Findley Corporation purchased a patent for a new consumer product for $720,000. At the time of purchase, the patent was valid for fifteen years.
Answers (1)
Dianne is learning to play tennis. she is quite an accomplished badminton player. she is having a difficult time adjusting her stroke to account for the weight of the racquet and ball in tennis. this is an example of:
Answers (1)
What is a debit adjustment on a credit card?
Answers (1)
The chief executive officer and chief financial officer of the Blue Willow Food Service Corporation must personally certify that the company's financial statements are accurate. This is an example of corporate governance in action. a. True b. False
Answers (1)
New Questions in Business
How to train employees on principle based decision making?
Answers (1)
Harvey automobiles uses a standard part in the manufacture of several of its trucks. the cost of producing 90,000 parts is $130,000, which includes fixed costs of $70,000 and variable costs of $60,000.
Answers (1)
Gracius Manufacturing is approached by a European customer to fulfill a oneminustimeminusonly special order for a product similar to one offered to domestic customers.
Answers (1)
True or false: Regardless of the inventory costing method used, the financial statements will always report the same amount of inventory on the balance sheet and cost of goods sold on the income statement.
Answers (1)
Some newspapers have dubbed kane kramer as one of the" biggest losers" in business history, explain whether you think this is fair or unfair.?
Answers (1)
Home » Business » The prime minister of Equalia has called for the nation's legislators to enact new legislation designed to shift the country away from socialism toward a more capitalistic system.
Sign Up Forgot Password?