Advantages And Disadvantages of Capitalism - SS1 Economics Past Questions and Answers - page 1
1
What is one advantage of capitalism?
A
Guaranteed access to basic necessities
B
Wealth equality
C
Economic efficiency
correct option: c
Users' Answers & Comments2
What is one disadvantage of capitalism?
A
Environmental degradation
B
Innovation
C
Economic stability
correct option: a
Users' Answers & Comments3
What is one characteristic of capitalism?
A
Centralized planning of production
B
Consumer sovereignty
C
Guaranteed social welfare
correct option: b
Users' Answers & Comments4
How does capitalism promote economic efficiency?
Capitalism promotes competition and efficiency, which results in lower prices for goods and services and an overall increase in economic productivity.