ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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freedom of the market
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there’s nothing better than money
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survival of the fittest
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taxation without representation
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Detailed explanation-1: -survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing.
Detailed explanation-2: -It has been claimed that “the survival of the fittest” theory in biology was interpreted by late 19th century capitalists as “an ethical precept that sanctioned cut-throat economic competition” and led to the advent of the theory of “social Darwinism” which was used to justify laissez-faire economics, war and racism.
Detailed explanation-3: -The Principles of Biology by Herbert Spencer (1864) looked at biology in terms of themes, such as Function, Adaptation and Variation. In this book Spencer introduced the expression ‘survival of the fittest’, in the sense of ‘the most appropriate to its environment’.
Detailed explanation-4: -Answer: B. 4. The concept of survival of the fittest refers to. the individuals who have characteristics that fit in best to the environment.