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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Capitalism has certain advantages, such as unlimited productivity, freedom of choice, balanced competition, economic growth, etc. On the same note, it also comes with certain disadvantages, such as a lack of social benefits, rich-poor disparity, and major scope for monopolism.www.wallstreetmojo.com/capitalist-economy/
Pros and Cons of Capitalism
- Creates inherent class conflict between capital and labor
- Generates enormous wealth disparities and social inequalities
www.investopedia.com/terms/c/capitalism.aspOverall, capitalism has its advantages and disadvantages. It is an economic system that promotes private property, free market competition, and individual incentive. However, it also leads to inequality, externalities such as pollution, and lack of government intervention.barrazacarlos.com/advantages-and-disadvantages … - People also ask
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