Question

Big corporations feel very evil to us now, the natural targets of blame for low-paying jobs, environmental abuse and sickening ingredients. But this thinker argued that there was an unexpected, and more important, element responsible for these ills: our taste. He encouraged the education of consumers to limit the problems of capitalism.

Select one: a. Adam Smith b. Alfred Marshall c. David Ricardo d. Karl Marx e. Thomas Malthus

This economist is one of the most influential economists and political thinkers in the history of economic thought. He started his analysis of Capitalism by starting to analyze one single "commodity". From this individual analysis of single commodities, he proceeded to investigate more complex laws and relations in Capitalism.

Select one: a. Karl Marx b. Adam Smith c. David Ricardo d. Alfred Marshall

Answer 1

(QUESTION-1)

Answer is " Adam smith "

" Big corporations feel very evil to us now , the natural targets of blame for paying jobs, environmental abuse and stickening ingredients. But Adam smith know there was an unexpected , and more important, element responsible for all these ills- our taste"

# According to Adam smith, a good capitalist society does'nt therefore just offer customers choice, it also spends a considerable part of its energies educating people about how to exercise this choice in judicious way. He believed that Capitalism needs to be saved by elevating the quality of demand.

(QUESTION-2)

Answer is " Karl Marx "

# Karl Marx begins his investigation of societies and their wealth with an analysis of commodities. His analysis demonstrates the idea of commodity itself becomes the framework through which the larger concept of capitalism may be accessed and understood.

Thankyou, Hope it helped. Do leave a thumbsup my friend

Cheers