The term welfare capitalism refers to
A) the policy adopted by some companies of offering benefits such as profit sharing and pension plans to their employees in an effort to make unions less appealing.
B) the nationalization of all industry.
C) public ownership of utilities and all means of transportation.
D) the creation of business trade associations.

Question

Quizplus · Accepted Answer

Welfare capitalism refers to the practice of companies providing benefits and social services to employees in an effort to prevent unionization and promote worker satisfaction. These benefits can include things like profit sharing, pensions, and health insurance. This approach was favored by some businesses in the early 20th century as a way of avoiding labor unrest and promoting a harmonious relationship between workers and management.

The Term Welfare Capitalism Refers to