Purchase Solution

The advantages and disadvantages of capitalism

Not what you're looking for?

Ask Custom Question

• Do you believe that people take for granted the economic system they live in, specifically in the United States? Why or why not?

• Discuss why some people might believe a capitalistic society is unequal. Do you agree? Why or why not?

Purchase this Solution
Solution Summary

This solution describes some of the advantages and disadvantages of a capitalist economy.

Solution Preview

I believe that people take the economic system that they live in for granted, specifically in the United States. People in the United States and other countries that grant individuals a great deal of economic freedom through a capitalistic system, do not act have a great understanding of how fortunate they truly are. This is largely because they don't have the experience of living in a situation where their economic opportunities are severely limited or hindered by government interference, such as economic systems within communist countries. In addition, the individuals within the United States have not experienced a totalitarian government in which economic freedom and free enterprise is almost nonexistent. The free ...

Solution provided by:
Marcel Parker, MPA
Education
  • Criminal Justice, Elizabeth City State University
  • Master of Public Administration, North Carolina Central University
Recent Feedback
  • "Excellent work, from the time of my post to the time I received a response was days ahead of my requirements. "
  • "Great, Thank You for our Help!!"
  • "Excellent, thank you "
  • "Thank you"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance

This quiz test introductory finance topics.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

View More Free Quizzes
Related BrainMass Solutions

  • Types of Economic Systems

    The advantages and disadvantages of capitalism is also explained. References included.

  • Capitalism vs Socialism: pros and cons, according to Heilbroner

    However, if I may be permitted to say, much of his discussion on the advantages and disadvantages of capitalism were heavily influenced by the philosophy of Marx and of his Marxist ideology (Heilbroner, 1999). Nonetheless, I do agree with what Mr.

  • The Three Main Types of Economic Systems

    Provide the name of the country and the type of economic system it practices. Discuss several advantages and disadvantages of one type of economic system 1. A market economy is one in which individuals own and operate the factors of production.

  • Globalizing Economy Labor Movement

    The advantages and disadvantages of a global labor movement is determined.

  • A brief comparison of socialism and capitalism

    439937 Capitalism and Socialism Describe what would be the best combined features of the economic systems of capitalism and socialism while minimizing the disadvantages of each.

  • Cost Allocation Methods: Direct, Step-Down, and Reciprocal

    Hello Please see the advantages and disadvantages of above said methods Advantages and Disadvantages of Direct Allocation, Step-Down Allocation, and Reciprocal Allocation of Costing Cost allocation means assignment of indirect cost to particular

  • Types of business ownership, and franchising

    PART I List and describe three advantages and three disadvantages of the following types of business ownership: Sole Proprietorship List and describe three advantages and three disadvantages of sole proprietorships.

  • Working in Groups

    336139 Advantages and Disadvantages of Group Work What are some advantages and disadvantages of working in groups? Why are they advantages or disadvantages? Some advantages and disadvantages of working in groups are worth nothing.

  • Advantages and disadvantages of issuing a long-term bond

    Please see the attached file. This discusses the relative advantages and disadvantages of issuing a long-term bond.

View More Related Solutions