Question

Two main advantages of capitalist economy

Answer 1

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.

SHANTANU

Answer 2

Answer:

1. There is more efficiency in the capitalist economy as the products are produced according to the demand of the consumers.

2. It discourages any form of discrimination, so that trade can take place between two parties without any barriers.