A major disadvantage of a capitalist economy is... - JAMB Economics 2022 Question
A major disadvantage of a capitalist economy is that it
A
leads to low production of goods and services
B
requires large number of officials to operate
C
considers individual consumers' satisfaction
D
worsens income inequality among the citizens
correct option: d
Option D is the correct answer.
The concentration of wealth and power over the means of production in the hands of a small number of people is one of the disadvantages of capitalism. The wealthy families always have control over society's wealth.
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