Advantages and Disadvantages of Capitalism

[Syldan]

Actually capitalism is a market based system of operation which the owners of the factors of productions, the power to control the economy at there own will through the services they can provide.

Extreme poverty can occur in a place where capitalism dominates the economy. Capitalism gives opportunity to create a wider gap between the rich and the poor and eliminate the middle class. On the other hand, capitalism makes it easy for an individual to achieve financial freedom.

Actually I a capitalist dominated country, most of the people that's the have not, suffered alot because they will be totally control by those who own factors of productions.