In Capitalist Systems, the profits of the capitalist class:

A) belong to everyone in society. Therefore, government has the right and the duty to tax these profits to provide goods and services for the poor.
B) belong to the capitalists as a residual claim on the revenue of firms. This means that the capitalist gets paid first before all other contractual obligations are met since the capitalist is the owner.
C) belong to the capitalists as a residual claim on the revenue of firms. This means that the capitalist gets paid only after all other contractual obligations are met first.
D) are calculated by subtracting profit from total revenue, plus total cost.

Question

11-06-2024
Business

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In Capitalist Systems, the profits of the capitalist class:

A) belong to everyone in society. Therefore, government has the right and the duty to tax these profits to provide goods and services for the poor.
B) belong to the capitalists as a residual claim on the revenue of firms. This means that the capitalist gets paid first before all other contractual obligations are met since the capitalist is the owner.
C) belong to the capitalists as a residual claim on the revenue of firms. This means that the capitalist gets paid only after all other contractual obligations are met first.
D) are calculated by subtracting profit from total revenue, plus total cost.

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