USA HISTORY

Detailed explanation-1: -Welfare capitalism, one of the possible solutions to worker’s rights and economic development, is a leading idea. 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.

Detailed explanation-2: -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.

Detailed explanation-3: -The capital goods provided by the capitalist make the worker far more productive than the worker would have been on his own. Most individuals have limited resources, and would be able to obtain relatively fewer, or otherwise less productive, capital goods than the capitalist can provide.