give one drawnback of capital economic system
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A capitalist economic system is one characterised by free markets and the absence of government intervention in the economy.
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Demerits of Capitalist Economies:
1. Inequalities of Income Levels: In the capitalist economy, there is an unequal distribution of income among different sectors of an economy. More emphasis is given to the demands of rich section over poor section. Such practices are regarded unethical from the social, economic and political point of view.
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