6 Questions
What are the two alternatives to achieve a higher standard of living?
Resorting to principles of charity and welfare
Which alternative is considered morally and humanly better?
Resorting to principles of charity and welfare
What does a just organization of the economy preserve?
All of the above
What problem does an industrial economy face in relation to consumption?
The problem of maintaining a level of consumption adequate to increasing levels of productiveness
What did Karl Marx predict would happen to capitalism?
It would lead to economic crises and the collapse of capitalism
What is necessary to solve the problem of overproduction and underconsumption in an industrial economy?
An increase in the standard of living
Understanding the Challenges of Industrial Economies: Consumption and Economic Crises
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