What Are The Advantages And Disadvantages Of Capitalist Economic System?
Some of the advantages of capitalist Economic system are as follows : 1) Capitalist economies give an equal opportunity to every individual of the state to be wealthy and grow depending on the effort they put in and are generally considered to be “free” to write their own destiny and seek out their own prosperity. 2) Capitalist governance means little interference from the government in a command economic system and means an equal opportunity for all. 3) There’s no limit to how much wealth an individual can accumulate and how far he can progress in a capitalist economic system. Some disadvantages are: 1) It gives rise to rigid class systems where one class of individuals may remain as the unfortunate ones and the ones with all the resources in their control tend to cannibalize their share in economy at their expense. 2) Money tends to remain concentrated in a few hands and has limited circulation for the benefit of all, the downtrodden masses remain dependent on the “trickle down” effe
