Question

What is the correct meaning of the term welfare capitalism

A.)Only people on welfare receive free services. B.)The government ensures services for everyone through high taxes. C.) The capitalists economy is controlled by the state for the benefit of the poor. D.) Welfare is provided to those who own businesses in the private sector
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Answer 1

B. The government ensures services for everyone through high taxes.

Step-by-step explanation:

1. I took the quiz.

2. The person below/above me is incorrect but they tried.

Answer 2

The correct meaning of the term welfare capitalism is that D) welfare is provided to those who own businesses in the private sector.

Step-by-step explanation:

In the concept of welfare capitalism, the government believes that the entities in the private sector can dispense better services than the government. Thus welfare policies are followed in lunchrooms, cafe, and so on. It is followed in Kodak and IBM.

Thus, the government puts emphasis on capitalizing businesses in the private sector expecting them to provide services to the needy as compensated rates. This concept is in contrast with the concept of the welfare state.