Question

Which of the following is a true statement? Socialists like Adam Smith believed the competition typical of capitalism was wasteful. Capitalists like Thomas Malthus believed poverty could be entirely eliminated from society. Socialists like Robert Owen favored a more even distribution of income. Marxists like David Ricardo argued that wages vary inversely with profits.

Answer 1

The statement that is actually true is:

Robert Owen favored a more even distribution of income.

Let's understand who Robert Owen was.

Robert Owen

Robert Owen was known to be an industrialist. Owen was best known for his textile factory at New Lanark in Scotland.

One of the things we can draw from Owen is that he was a man who actually took his employees as important as the success of his enterprise.

Robert Owen was known to have favoured a more even distribution of income.

Learn more about Robert Owen on https://brainly.com/question/454822

Answer 2

Answer:

C: Socialists like Robert Owen favored a more even distribution of income.

Explanation: