What are some negative and positives of capitalism? I have some answers but I want to hear more
5 answers
Please post the answers you have, and we'll be happy to critique them and add more.
It negative because it could put other businesses out of stock and the government and do anything about it and the benefits is that the government can't interfere with your business so you will be making a lot of money I hope this proves that I know some benefits and negatives. ^^
I'm not sure you have a very good understanding of capitalism.
Capitalism is the system that we have. Each company (McDonald's, Nike, Dell Computer, Target, AOL, etc.) is privately owned and decides what to make or sell, how much to pay its workers, how to sell it, and what prices to charge.
The positives are that people are free to make and sell what they make. Customers have many good products from which to choose. Because capitalism encourages competition, customers get good quality goods at reasonable prices.
The negatives are that the workers often don't make much money while the owners make tons of money. Since the owners only want to make good profits, they often don't care much about the people who work for them. Also, since companies want to make a profit, sometimes they hurt the environment and don't pay for the damage.
Capitalism is the system that we have. Each company (McDonald's, Nike, Dell Computer, Target, AOL, etc.) is privately owned and decides what to make or sell, how much to pay its workers, how to sell it, and what prices to charge.
The positives are that people are free to make and sell what they make. Customers have many good products from which to choose. Because capitalism encourages competition, customers get good quality goods at reasonable prices.
The negatives are that the workers often don't make much money while the owners make tons of money. Since the owners only want to make good profits, they often don't care much about the people who work for them. Also, since companies want to make a profit, sometimes they hurt the environment and don't pay for the damage.
Oh well I should do more research on it but thank you!
You're welcome.
1 answer