What are the advantages and disadvantages to capitalism

Answers

Answer 1

Answer:

Explanation:

The advantages of capitalism include:

Consumer choice - Individuals choose what to consume, and this choice leads to more competition and better products and services.

Efficiency of economics - Goods and services produced based on demand create incentives to cut costs and avoid waste.

Economic growth and expansion (which is possible in the capitalist economy system) - This increases the gross national product and leads to improved living standards.

The disadvantages of capitalism include:

A chance of a monopoly of power - Firms with monopoly power (when a specific person or enterprise is the only supplier of a particular commodity) can abuse their position by charging higher prices.

Inequality - A capitalist society is based on the right to pass wealth down to future generations. If a small group of people hold all the wealth and that wealth continues to be passed down to the same groups of people, inequality and social division occur.

Recession and unemployment - An economy based on the market of consumers and producers is invariably going to experience growth and decline.

Answer 2

Explanation:

Pro-

Efficient Allocation of Resources.

Efficient Production.

Dynamic Efficiency.

Financial Incentives.

Creative destruction.

Economic freedom helps political freedom.

Mechanism for overcoming discrimination and bringing people together.

Cons-

Monopoly power. Private ownership of capital enables firms to gain monopoly power in product and labour markets. ...

Monopsony power. ...

Social benefit ignored. ...

Inherited wealth and wealth inequality. ...

Inequality creates social division. ...

Diminishing marginal utility of wealth. ...

Boom and bust cycles.


Related Questions

structure of the federal government in the new jersey plan ?

Answers

Answer:

Structure of Government

Under the New Jersey Plan, the composition of the government would be three branches: legislative, executive and judicial. The legislative power (Congress) would come from the states that would each have one vote regardless of population and would be unicameral (one Congress).

Explanation:

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How did the USA change since 2007?​

Answers

Answer:

The last recession was deemed after the fact to have begun in December 2007. It's more accurate to say that the previous economic recovery ended in December 2007, since the Business Cycle Dating Committee of the National Bureau of Economic Research "determined that a peak in economic activity occurred in the U.S. economy" that month. But the general custom is to date the start of a recession to the previous business cycle's peak, so December 2007 it is, meaning that this business cycle has just wrapped up its 10th year.

Most of the economic data from the end of 2017 isn't available yet, so one cannot do a full 10-year retrospective. The Bureau of Labor Statistics did release its December jobs report last Friday, though, so that's a good place to start. Yes, this last recession was especially awful. That's why they call it the Great Recession! The subsequent jobs recovery has been long and steady, and by this point has far outdistanced the recovery of the 2000s. But it's been weaker than the jobs recoveries of the 1970s, 1980s and 1990s.

Part of that weakness can be explained by slowing population growth, which exerts a drag on job growth.The unemployment rate has fallen more over the past 10 years than during any other post-1970 business cycle, and is now almost as low as in the boom times of the turn of the millennium. Then again, the unemployment rate, as President Donald Trump complained repeatedly during his campaign but has for some strange reason gone silent about since, is a flawed measure. It counts only people who are actively looking for jobs, meaning that those who have given up are ignored.

Compare the tatics used by french troops in the french and indian war with those of the american patriots during revolution

Answers

Answer:

Both the French and American Patriots had familiarity with the terrain.

Explanation:

France in the French and Indian War had the military advantage because they fought for their land and had knowledge of the terrain (landscape) better than the British. France also tied alliances with the Indians, which helped them in staying in the war for seven years. French had better relationships with the Indians compare to the British. They regularly hide in forests and attach when the British were feeble.

The Patriots were successful in the revolutionary war because they were fighting for their purpose. They knew the terrain well than Britishers. Americans used guerrilla fare tactics to win the war. Patriots were fighting for their freedom rather than for the British King.

"Prithvi Narayan Shah was an expert and far sighted politician and successful administrator." Explain.​

Answers

Answer:

PNS personally commanded many battles. The battles taught him how to handle complex situations and how he could come out victorious.

PNS focused on his goal and used all means (Saam, Daam, Danda, Bhed) for his campaign. As he fought battles, he understood why integrating the nearby kingdoms could be beneficial against the rising British hegemony in the region. He also realized that the diversity of Nepal could be exploited by British to divide the kingdom.

Explanation:

Prithvi Narayan Shah was not a strategist in the beginning. As soon as he became the king of Gorkha, he wanted to capture Nuwakot. In 1800 B.S., the first troop he sent under Biraj Thapa could not cross the Trishuli River. PNS, however, was not satisfied with the delay and sent another troop under Maheshwar Panta. The Gorkhali troop lost to the nature (Trishuli) as well the soldiers of Nuwakot.

After the loss, PNS became a military strategist. He went Benaras, brought some weapons and trained his soldiers so that they obey all commands without fear. He also developed the Marwat system for helping the soldier’s family if he died in a battle. He also used Yogis, the devotees of Gorakhnath, as spies.

He did not know how to use geography to strategical advantage before he himself led the Second Battle of Nuwakot in 1801 B.S. Had Kalu Pandey not found a way to divert huge number of Nuwakote soldiers, PNS could have died in the battle.

He had already understood politics, though. Before the Second Battle of Nuwakot, PNS had realized that the Chaubise Rajyas could be threat to his campaign and he might have to kill his kins in Kaski, Lamjung and Tanahun. To avoid the “sins”, he changed his gotra from Bhardwaj to Kasyap.

He also understood that Nepal (the then Kathmandu Valley—Kantipur, Patan, and Bhaktapur) would be against him as soon as he captured Nuwakot. So he kept a cordial relation with Ranjit Malla of Bhaktapur, who was also his Meet Baa (best friend’s father/father’s best friend)

PNS used the anarchy established by the Pradhans to make his brother Dal Mardan Shah the king of Patan from 1820–1822. When PNS attacked Kirtipur in 1822, Dal Mardan Shah did not oppose even though the Pradhans had urged him to do so. On Poush 3, 1822, PNS won the third battle of Kirtipur. Less than four years later, PNS was the king of Nepal.

PNS also understood how the people of Nepal Mandal lived. When he won the surrounding areas, he imposed a complete economic blockade which was one of the biggest reasons behind his victory over Kantipur, Patan and Bhaktapur.

Through treaties and diplomatic understandings, he was able to solve a lot of problems with the Chaubises and Baises, the British, the Tibetan and the Newas.

Is this statement true or false?

The Lascaux Cave is one of several places around the world where people made paintings on cave walls.

Answers

Answer:

True

Explanation:

On 12 September 1940 CE four boys examined the fox hole down which their dog had fallen on the hill of Lascaux. After widening the entrance, Marcel Ravidat was the first one to slide all the way to the bottom, his three friends following after him. After constructing a makeshift lamp to light their way, they found a wider variety of animals than expected; in the Axial Gallery they first encountered the depictions on the walls.

Answer:

Happy to help please make me brainllest

Explanation:

What did Sumerian city-states turn into when they were conquered by Akkad

Answers

Answer:

Babylon.

Explanation:

Sumerian city states gradually lost control because of Akkad, and eventually turned into modern day Babylon.

what is the sea called that is found between Africa and Asia?

Answers

Answer

Mediterranean Sea

Explanation:

Answer:

Red Sea

Explanation:

The Red Sea is between Yemen, Saudia Arabia, Egypt and Sudan.

Do by these presents solemnly and mutually in the presence of God and one of another, covenant, and combine our selves together into a civil body politic (based on majority rules), for our better ordering and preservation..."

Answers

Answer:

This excerpt is from the Mayflower Compact

Explanation:

The Mayflower Compact was the first political agreement made by the Pilgrims before they settle in America. It was a kind of agreement of democratic principle to be applied in the new colony, in which it was declared fidelity to the king of England and the commitment of all to obey the fair and equal laws that were approved by the majority.

how government promotes economic growth in capitalist countries and in those transitioning to capitalism.

Answers

In capitalist countries (and those transitioning to capitalism), overt or direct government control of the economy is avoided. Instead, the government seeks to provide the infrastructure and security/stability needed in order for business interests to flourish and the economy to grow.

Describe new laws and ideas that rulers during the Enlightenment put in place in their empires that reflect Enlightenment ideas. pls

Answers

Answer:

An eighteenth century intellectual movement whose three central concepts were the use of reason, the scientific method, and progress. Enlightenment thinkers believed they could help create better societies and better people.

Why might Constantinople have been a tempting target for conquest by the Byzantine Empire's neighbors?

Answers

Answer:

Constantinople was the center of the Byzantine Empire, which had become a prosperous trading center because of its location on the black sea, and one of the richest cities in the world. Therefore, it was an attractive target for others to conquest.

Explanation:

Eventually, Constantinople was conquered by the Ottoman Empire.

asap!Explain the Treaty of Paris in 1763, and identify how land was distributed after it was signed

Answers


The Treaty of Paris of 1763 ended the French and Indian War/Seven Years' War between Great Britain and France, as well as their respective allies. In the terms of the treaty, France gave up all its territories in mainland North America, effectively ending any foreign military threat to the British colonies there.

Which one of these tribes is NOT a Nomadic Hunter-Gatherer tribe? (The kind to wander and not make a permanent home.)
O Kiowa
O Coahuiltecans
O Comanche
O Caddo
Hurry

Answers

The answer is Caddo because they were sedentary !!

Which of the following best describes the executive branch of government under the Articles of Confederation?
It consisted of a president alone.
It consisted of Congress alone.
O It consisted of Congress and a president.
O It consisted of a two-house Congress.

Answers

Are those the answers

Answer:

B

Explanation:

Who was the 15th president of the United states (quick question)!​

Answers

Answer:

James Buchanan

Early in its history, the Tombigbee Hills region mostly supported
O cotton plantations.
O manufacturing
O small farms.
the timber industry.
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2587111670091....webm
STEM_August_24...docx
STEM_August_24.docx

Answers

The answer should be All of the above because I don’t know what the question actually is

Answer:cotton plantations

Explanation:

Why is the apostle Paul an important figure in the spread of Chrisianity?

Answers

Explanation:

he started a lot of churches amongst the gentiles and wrote often to them about God

PART B: Which phrase from the text best supports your answer to Part A? * 1 point
о
"While factory owners greeted the rush of cheap labor with zeal, laborers often treated
their new competition with hostility." (Paragraph 8)
"Gradually, these 'nativists' lobbied successfully to restrict the flow of immigration."
(Paragraph 9)
"These two Asian groups were the only ethnicities to be completely excluded from
America." (Paragraph 9)
"Criminals, contract workers, the mentally ill, anarchists, and alcoholics were among
groups to be gradually barred from entry by Congress." (Paragraph 10)

Answers

Did you get the answer for this?

"Gradually, these 'nativists' lobbied successfully to restrict the flow of immigration" (Paragraph 9) is the phrase from the text best supports your answer to Part A. Therefore, option (b) is correct.

What is phrase?

The term phrase refers to the paring of the group of the words. There are the involved the two or more words are the express, and they described the single idea or sentence. The phrase is the based on the line to justify the meaning. The phrase is on the particular term are in the line.

According to section A, was the text founded on the progressively, these isolationists successfully lobbied to restrict the flow of immigration. As a result, the flow of immigrants is restricted. They successfully completed the sentence.

As a result, the "Gradually, these 'nativists' lobbied successfully to restrict the flow of immigration." Therefore, option (b) is correct.

Learn more about on phrase, here:

https://brainly.com/question/15806900

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Most workers for the Central Pacific Railroad were ____

A- Irish
B- French
C- German
D- Chinese

Answers

Most workers for the Central Pacific Railroad were Chinese.

Answer:

The answer to this question is A: Irish

Explanation:

Picture a map of the United States. The Union Pacific Railroad started in the Midwest. Rather than recruiting from across the Pacific Ocean, it was closer to recruit from the Atlantic Ocean. As a result, most Union Pacific Railroad workers were Irish.

An early system of developed during the First Industrial Revolution.

Answers

Answer:

factories

Explanation:

Answer:

Answer mass production

Explanation:

the goverment of sparta was an oligarchy, which mean’s that it was.?

A) ruled by a small number of people
B) ruled by tyrant
C) controlled by a popular vote
D) ruled by a king

Answers

Answer:

The answer is A

Explanation:

a small group of people having control of a country, organization, or institution.

A. oligos (which means “few”) and arkhein (which means “rule”). ...a stable oligarchy ruled only one city-state: Sparta, which was ruled by two kings who shared power.

The region that includes parts of Israel, Syria, and Lebanon is called __________. A. Asia Minor B. Cyprus C. Sinai D. Palestine

Answers

Answer:

D. Palestine

Explanation:

Answer:

Palestine is the answerer

Explanation:

What was a result of the drafting of
the Declaration of Independence?

Answers

Delegates from each of the Thirteen Colonies met in Philadelphia in the summer of 1776 to decide the case for liberty. The goal was to convince the States that the time had come for the United Colonies to declare their independence from Mother England.

Answer:

It led to the American Revolution

Explanation:

acellus

Even though the three different types of colonies were very different and only the southern colonies held slaves, how were all of the colonies and England interdependent on one another?

Answers

The correct answer to this open question is the following.

Although there are no options provided, we can say the following.

Even though the three different types of colonies were very different and only the southern colonies held slaves, all of the colonies and England were interdependent on one another due to the trade they had of different goods and crops.

The middle colonies were known as the "breadbasket of America" due to the many crops they grew and their quality. Southern colonies grew indigo, rice, and cotton, while New England colonies did not have the fertile soil of other regions, that is why they raised livestock and were very good fishermen.

All of the 13 American colonies also had to pay heavy taxation imposed by the British crown, such as the Navigation Acts, the Stamp Act, or the Te Act. The worst part was that they were forced to pay but had no voice or representation in the British Parliament. These issues represented a major cause for the beginning of the American Revolutionary War of Independence.

How could citizens with little money participate in government?

Answers

By voting, every vote makes a difference!
By voting. Voting makes a great influence on how the governmnet runs.

Why was the first draft of the Articles of Confederation revised?

Question 10 options:



It assured the independence of the states.




It proposed a strong central government.




It stated that the central government wouldn't control western lands.




It proposed a limited function of the central government.

Answers

Answer:

Explanation:

The first draft of the Articles of Confederation was revised because It proposed a strong central government.

a seasonal prevailing wind in the region of South and Southeast Asia, blowing from the southwest between May and September and bringing rain (the wet monsoon ), or from the northeast between October and April (the dry monsoon ). the rainy season accompanying the wet monsoon.

Answers

Answer:

what is the question

Explanation: ?

What is a secondary source? A. a source used by two people B. a source that is lesser known C. a source based on primary sources D. a source created by an eyewitness to an event

Answers

Answer:

C a source based on primary sources

Explanation:

Secondary Sources are from primary sources, think about colors

Answer:

C. A source based on primary sources

Explanation:

I took the quiz and got it right.

Hope this Helps!

Who are the presidents that lost the popular vote, but won the presidency?

Answers

Answer:

John Quincy Adams (1824)

Rutherford B. Hayes (1876)

Benjamin Harrison (1888)

George W. Bush (2000)

Donald Trump (2016)

Explanation:

Which would you have supported the Jersey Plan or the Virginia Plan and why?

Answers

Hi There!!

I think I might support The Jersey Plan, because The New Jersey Plan was supported by the states of New York, Connecticut, Delaware, and New Jersey. It proposed a unicameral legislature with one vote per state. Paterson and supporters wanted to reflect the equal representation of states, thus enabling equal power. Even though the Virginia Plan have a larger population and the Jersey Plan have a smaller population. And, the only problem that the  The Virginia Plan was supported by the larger states because of the resolution for proportional representation. This meant that the more people a state has, the more representatives it gets in the legislature.

Well, Hope this explanation helps!!

Comments if something wrong!!

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Answer:

The New Jersey Plan was a proposal for the

structure of the United States Government

proposed by William Paterson on June 15,

1787. The plan was created in response to the

Virginia Plan's call for two houses of

Congress, both elected with proportional

representation.[1] The less populous states

were adamantly opposed to giving most of

the control of the national government to the

larger states, and so proposed an alternate

plan that would have given one vote per state

for equal representation under one legislative body

Explanation:

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