Within a capitalist economic system the existence of a surplus population is inevitable.

Question

Quizplus · Accepted Answer

Within a capitalist economic system, there will always be a surplus population because the economy is based on profits and competition. Companies may not need as many workers as there are people available to work, leading to unemployment and underemployment. This is due to the fact that competition drives businesses to maximize efficiency and minimize costs, including labor costs. The surplus population is a result of this system and can only be partially addressed through government interventions such as job creation and social safety nets.

Within a Capitalist Economic System the Existence of a Surplus