Question

Establishing a minimum wage aligns LESS with which of the following?
Capitalism or Socialism

Answer 1

Capitalism

Step-by-step explanation:

Establishing a minimum wage aligns less with Capitalism. In a purely capitalist system, wages are determined by the market forces of supply and demand without government intervention. The concept of a minimum wage, which is a form of government intervention to set a floor for wages, is more aligned with the principles of Socialism, where the government plays a role in redistributing wealth and regulating economic activity. However, it’s important to note that most modern economies are mixed and use elements from both systems. For example, many capitalist countries also have minimum wage laws to protect workers from exploitation.

Answer 2

The economy of Capitalism is where the establishment of a minimum wage matter less.What is Capitalism & Socialism?Capitalism means the economy type whereby the nation trade are controlled by private owners for profit while the Socialism-economy type whereby the nation trade are controlled by government with strict laws.Because the Capitalism economy are controlled by private owners, then, they have less concern with minimum wage established by government.