Joshua Farrell
Captain Junkie
Capitalism is the main system of economic interaction in the world today. What are its advantages and disadvantages?
Register or log in to explore all our content and services for free on Admin Junkies.
You are right this is a common problem in Nigeria. The rich simply because he's rich and has people in power instigate them to make policies that favours only him. Would love to name instances but it's best not toCapitalism has been reason why some countries are impoverished and others developed from such economy. In capitalism the means of production and distribution of goods are in the hands of private individuals, hence everyone seeks to multiply their profits regardless of other people income. It has helped many countries to develop on their own, such as U.S.A as the ideology is better practiced. However, in countries like Nigeria, people are suffering from capitalism, where the rich only get to be richer and the poor become poorer.
one of the disadvantages of capitalism is that it creates a wide gap between the rich and the poor. You figure out the middle class if you watch it closely. it is easier to become rich with the help of capitalist system.Capitalism is the main system of economic interaction in the world today. What are its advantages and disadvantages?
Wealth can never a proper distribution of wealth in African and thats why we are being govern by the same set of people and family for decade while they rotate the tussle of power between each family and clan , and that's the main reason why poverty has stricken deep between the masses .When very notable disadvantage of capitalism is that there can never be even distribution of wealth and it also make a lot of people to lose their humanity and dignity.
Log in or register to unlock full forum benefits!
As a webmaster community we provide fresh content on a daily basis. We aim to be the best admin and webmaster community around. Discuss various aspects, promote your project, and learn to be better by fellow webmasters. Browse through our Articles for helpful tips and tricks.
By registering with us, you'll be able to discuss, share and private message with other members of our community.