The advantages of capitalism includes the people’s freedom to choose a product they desire which leads the other businesses to compete for a better product and services

The advantages of capitalism includes the people’s freedom to choose a product they desire which leads the other businesses to compete for a better product and services; economic incentives are produced from the goods and services based on the demand to cut costs and avoid waste; the economic growth determined by the increase of the gross national product to improve better living standards; lastly, the prices are determined by the supply and the demand theory.
The disadvantages of capitalism are: one is that it could gain monopoly power which gives a specific person or enterprise of supplying a particular commodity with a higher price. Capitalism could also gain inequality to the distribution of wealth and other people struggle to gain employment and resources.

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