Advantages and disadvantages of capitalist economy?
1
Expert's answer
2011-02-21T07:02:15-0500
Advantages: Dynamic market is always orientated to consumer preferences, new trends. Due competition between each other companies have to cut the costs. Orientated to the profit, controlled by the supply-demand balance, the market is self-regulating stable system.
Disadvantages: There is a social inequality, huge gap between the rich and the poor. With free market system the companies are allowed to provide monopoly policy in pricing and wage workers.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
The writer did an outstanding job on the assignment and I will continue working with him. The assignment was done in a timely manner and was very detailed
Comments
Leave a comment