2007-02-13 15:58:25 · 3 answers · asked by sonalchad 1 in Social Science ➔ Economics
Capitalist Economy are having various advantages like-
a) It is first and foremost a free economy where you can come in and go out of at anytime, it is build on a free market theory determine by the force of what you want is what i supply pre-sumption,
b) It allow entirely for private sector drivien economy,
c) It encourages individualistic ideas,
d) It discourages laziness and
e) It encourages the spirit of compitivness...
2007-02-13 16:46:32 · answer #1 · answered by Prasun Saurav 3 · 0⤊ 0⤋
markets left to themselves tend to be the most fair and efficient way to distribute goods and services because they assume that people have earned what they can buy. they also create competition which helps to encourage innovation and regulate price.
2007-02-13 16:03:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
availability of high quality goods at competitive prices
2007-02-14 21:06:39 · answer #3 · answered by sushobhan 6 · 0⤊ 0⤋