Advantages And Disadvantages of Capitalism - SS1 Economics Past Questions and Answers (page 1)

1

What is one advantage of capitalism?

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A

Guaranteed access to basic necessities

B

Wealth equality

C

Economic efficiency

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2

What is one disadvantage of capitalism?

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A

Environmental degradation

B

Innovation

C

Economic stability

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3

What is one characteristic of capitalism?

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A

Centralized planning of production

B

Consumer sovereignty

C

Guaranteed social welfare

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4

How does capitalism promote economic efficiency?

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Advantages And Disadvantages of Capitalism - SS1 Economics Past Questions and Answers - page 1