Question

Advantages and disadvantages of rationalism

Answer 1

Answer:

Rationalism Advantages

Rationalism tries to find the already existing general principles (man didn't create them) behind each phenomenon, which are independent of each individual's perception of knowledge. The result is undisputed theories explaining the laws of the world surrounding us.

Rationalism Disadvantages

Furthermore, laws or logic describing the world are not infallible, as they may be based on human misconceptions, otherwise scientists would not conduct experiments and just rely on logical arguments.

Answer 2

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Advantage :-

• (1) Lesser Cost of Production
• (2) Increased Profits
• (3) Removal of Competition

Disadvantages :-

• The process of rationalization involves a large number of capital expenses and that too without the guarantee of adequate returns.
• It is sometimes unable to check trade cycles.
• Raising funds for the process of rationalization from external sources is difficult.