Question

What are the defects of capitalist system?

Answer 1

1.  Increasing inequality in wealth
2.  Goods and services that have high utility to the ordinary citizens are in short supply or non-existent.

3.  Monopoly
4.  Engenders undue concentration of capitalistic wealth.
5.  The possibility of the emergence of imperialism.






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Answer 2

Answer:

• Monopoly power

• Monopsony power

• Social benefit ignored

• Inherited wealth and wealth inequality.

• Inequality creates social division.

.Boom and Bust economy