Question

In the capitalist system, not everyone is "guaranteed" a job. Some people cannot get jobs and they go hungry, living in extreme poverty, with little or no social support. Hunger and poverty because people cannot get jobs in the economic system is an example of a:

a) Economic downturn
b) Social safety net
c) Market failure
d) Economic success

Answer 1

Hunger and poverty caused by the inability to get jobs in the capitalist system is an example of market failure.

Step-by-step explanation:

Hunger and poverty caused by the inability to get jobs in the capitalist system is an example of market failure. In a capitalist system, the market determines the allocation of resources, including jobs. However, when some individuals are unable to find employment, they are left without a means to support themselves financially. This highlights a failure of the market to provide adequate opportunities for employment and ensure economic well-being for all.