What are the advantages and disadvantages of capitalism?

Question

it's for hmwk.....plzzzz help.

Answer 1

The advantages of capitalism are the government has limited control over business, which lets business compete. Capitalism lets people choose what kind of work they want to do and where they want to work. Capitalism lets people decide what they want to do with their money if they want to put it into a retirement account or in the stock market. But the disadvantages of Capitalism are barriers between people in terms of how much wealth they have or how much money they make. Another disadvantage of Capitalism is that government control is so limited that it lets a few businesses to dominate their industry and then they become able to make the rules for their industry.

Answer 2

Advantages Of Capitalism

Answer 3

Benefits Of Capitalism

Answer 4

The rich get richer and the poor get poorer.
Of course this must be prettied up so some where in your books it will speak about the most efficient allocation of scarce resources, the most competitive price in a free market, the accumulation of capitol to fund new business ventures, and the fair distribution of wealth. these are all bullony based on the precepts of a perfectly free market with no manipulation and perfect knowledge of the market by all participants. So the disadvantages are the accumulation of wealth and power by a small elite who use it to further their own interest over the interest of society as a whole.
I doubt if this helps but it is a try. look back in the text, these general questions are usually covered in the chapter summaries or in the early part of the chapter.

Answer 5

The advantage is that it provides people an incentive to produce work and innovate, which benefits all of society. If everyone was paid the same amount of money, there would be little incentive to come up with new ideas, work harder, or put in the extra effort to produce higher quality products.

The disadvantage is not with capitalism itself, but with how it is implemented. Without adequate regulation to make sure that businesses do not destroy our environment, cheat the purchasers of their products, create shoddy and dangerous products, or cheat and abuse their employees, the owners of capital will become unfairly rich while the workers and consumers will suffer.

This is the situation today, and it is being made worse under the Bush regime. They want to abandon protecting our environment, limit liability for corporations who produce products that kill people, reclassify more workers as "exempt" from overtime laws, and drive down wages by outsourcing work to foreign countries that have even less regard for workers and the environment.

Answer 6

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RE:
What are the advantages and disadvantages of capitalism?
it's for hmwk.....plzzzz help.

Answer 7

Disadvantage: a materialistic society where success is defined by how much you can accumulate before you die. Compare what's important to most people in the US vs. other countries and you'll see what I mean.

Answer 8

advantages are free enterprise, private ownership, people get to own their own property, everyone has a free opportunity to better themselves, a competitive market helps to keep cost lower for the consumer---i really can't think of disadvantages because i strongly believe in capitalism, however some people might say that it makes the rich richer and the poor poorer, however this is not a bad thing per se...when's the last time you saw a poor person starting a business and hiring somebody? How many poor people provide jobs? NONE--rich people employ the rest of everyone else and they *invest* their money unlike lower socioeconomic classes do, so we need the rich!

Answer 9

Advantage: anyone with enough drive and a good idea can become rich since the class system is fluid allowing people to move around easily. (Think Jobs, Gates, and Ted Turner.)

Disadvantage: requires at least 5% unemployment to work properly to force people to perform menial labor and serve industry. (If you hate your job you can quit... but there will always be someone to take your place, you are a cog in the industrial machine.)

Answer 10

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