What are the problems and benefits associated with capitalism?

[Sincerem]

Capitalism is a system of government which allows everyone in the society to be able to start up their own businesses , companies and industries without government control. This kind of system gives a level playing field where everyone can become successful business owners.

 

[Nicklas22]

Capitalism sometimes increases the wealth of the individuals, it's increases the amount of money for the for the citizens, but when there's so much money in such economy increase in goods and services will occur

 

[Shigobad20201]

Capitalism is a system of government which allows everyone in the society to be able to start up their own businesses , companies and industries without government control. This kind of system gives a level playing field where everyone can become successful business owners.

The benefits of capitalism is far more better and surpass the problems , you can actually start your own business without the government controlling and disturbing your business.

 

[tyrim88]

The issue of uneven distribution of wealth is one of the major play out there in a capitalist economy,the influential inthe society would get the control of the economy and that would cause stiff compettition for those who wold want to compete.

I think one major issue with capitalism is the fact that it in most cases there is no stable growth in the economy due to the fact that everything could belong to one person, in other words economic power has been centered on one person

Capitalism is to some extent good because it will encourage very serious business minded individuals to take up the sadle of production and service delivery,but the issue of monopoly is what can really affect competition,because those who are not bouyant will be left behind.

In a capitalist economy, the rich rules the poor practically so the problem there would always be the gap between the rich and the poor. The rich would want to keep getting richer and the poor would be finding it difficult to be rich.

One of the things that i do not really like about the structure of capitalism is that the market is not even,it is usually lopesided usually structured to favour some very few persons,and that is where inequality in trade usually occure.

 

[Joseph555]

the rich rules the poor practically so the problem there would always be the gap between the rich and the poor. The rich would want to keep getting richer and the poor would be finding it difficult to be rich.

 

[Nadiel sahmen]

Benefits of capitalism optimizing the use of resources increases the wealth of each individual. gives consumers more options. increased production effectiveness.
Capitalism's drawbacks. unequal wealth distribution could have an impact on environmental expenses. tendency for industrial turmoil.

 

[Eli342]

Capitalism takes the view that if each agent in the economy acts to selfishly satisfy their own desires, acts in their personal self interest, the resources of the economy will be efficiently distributed, and it will happen all by its self. It will not require any central plan.
The challenges:

Monopoly, It may be the case that one producer controls the entire supply of some resources. In these cases, it may be in the monopolists interest to artificially restrict the supply in order to drive up the price. This would be a less than efficient allocation.

 

[Sotherefore]

In some countries with high rate of corruption , capitalism is important because it will ensure free flow and accurate pricing of goods and services than business firm being control by corrupt government officials.

 

[Good-Person]

Capitalism is a system of government which allows everyone in the society to be able to start up their own businesses , companies and industries without government control. This kind of system gives a level playing field where everyone can become successful business owners.

Majority of the countries are capitalists in nature, as far as I think. The fact of the matter is that I live in a capitalistic country and in here the market is pretty monopolistic and competitive as well.

 

[Sincerem]

Majority of the countries are capitalists in nature, as far as I think. The fact of the matter is that I live in a capitalistic country and in here the market is pretty monopolistic and competitive as well.

The market is competitive that is general for every system. But don't you think it is much more better for the masses than a situation in which the market was not competitive ?

 

[Shigobad20201]

The problem of capitalism are:

• Monopoly power. Private ownership of capital enables firms to gain monopoly power in product and labour markets.
• Monopsony power.
• Social benefit ignored.
• Inherited wealth and wealth inequality.
• Inequality creates social division. ...
• Diminishing marginal utility of wealth.
• Boom and bust cycles.
• 
  
• WHILE
  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

Monopolizing of business and power is one of the problem with capitalism and if there's an issue with the business, the business will go bankruptcy and closed down .

 

[Planbizzle]

What are the problems and benefits associated with capitalism?

A few issues with capitalism are widening inequality, labor exploitation, and ecological harm. Increased economic productivity and development, fierce competition, and enhanced incentives for innovation are all advantages of capitalism.

 

[Connor909]

The main advantage of capitalism is that it offers substantial incentives for innovation and investment, which can lead to higher rates of economic growth and higher standards of living. Yet capitalism also has a number of related issues. They include wealth inequality, worker exploitation, environmental destruction, and inequity.

 

[Gandiba1]

Capitalism promotes competition and actualization of business ideas in a society. However, capitalism promotes uneven distribution of wealth.

That's the fact about it, in as much as you want your business to succeed and be on the winning side, then you're expected to set aside huge capital that can guarantee you success throughout the business.

 

[Smiles20]

The biggest problem with capitalism is that there is going to be an even distribution of wealth and that does not necessarily have to mean that the most hardworking are the ones who are going to be the most wealthy.

 

[Trey]

The benefit of capitalism is that it encourages innovation and enterprise. It makes people to think and work out ways to make money. The disadvantage of capitalism is that it is so profit oriented that it sees humans as a means to an end.

 

[Robert90]

Capitalism offers advantages as well as drawbacks. More effective capital resource allocation, competition resulting in lower consumer pricing, and general increases in wages and living standards are some advantages of capitalism. However, capitalism may also lead to cyclical boom and bust periods, excess materialism, short-termism, market failure, and environmental harm.

 

[Jonaville1]

What are the problems and benefits associated with capitalism?

I believe that the government always have some policies for private businesses. One major problem associated with capitalism is that the government policy may not be favorable for them

 

[Heatman]

The problem with capitalism is that the wealth distribution isn't evenly. A sub section of the economy can profit greatly from capitalism while the majority of the working class are poverty stricken.

You are very correct with this assessment because in a capitalist economy, the rich keep getting richer while the poor keep getting poorer at the expense of the poor because they are the ones that the rich which make use of to make more money why they pay them peanuts.