USA HISTORY

Detailed explanation-1: -At a basic level, welfare capitalism is a business-favored policy that believes the private sector can provide social welfare programs more effectively than the federal government. Welfare capitalism is usually seen as the opposite of the welfare state.

Detailed explanation-2: -Welfare capitalism is capitalism that includes social welfare policies and/or the practice of businesses providing welfare services to their employees. Welfare capitalism in this second sense, or industrial paternalism, was centered on industries that employed skilled labor and peaked in the mid-20th century.

Detailed explanation-3: -Business & Marketing The right to own private property: This is the most fundamental of all rights under capitalism. Private ownership means that individuals can buy, sell, and use the land, buildings, machinery, inventions, and other forms of property.

Detailed explanation-4: -A welfare state is a form of governing in which the government plays a major role in the protection and promotion of the economic and social well-being of the citizens. Capitalism is an economic system where a country’s trade and industry are controlled by private owners for profit.