The Term Welfare Capitalism Refers to

question 8

Multiple Choice

The term welfare capitalism refers to

• A) the policy adopted by some companies of offering benefits such as profit sharing and pension plans to their employees in an effort to make unions less appealing.
• B) the nationalization of all industry.
• C) public ownership of utilities and all means of transportation.
• D) the creation of business trade associations.

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Definitions:

Wealth Inequality

The unequal distribution of assets, wealth, and income among individuals or groups within a society, often leading to social and economic disparities.

Income Inequality

The uneven distribution of income within a population, leading to gaps between the wealthiest and the poorest members of society.

Marxist

Pertains to the theories and methodologies derived from the works of Karl Marx, focusing on class struggle, economic analysis, and societal change.

Weberian

Pertaining to the theories or methodologies of the German sociologist Max Weber, especially in relation to the social and economic organization of society.