A major disadvantage of a capitalist economy is that it
A major disadvantage of a capitalist economy is that it
Leads to low production of goods and services
Requires large number of officials to operate
Considers individual consumer's satisfaction
Worsens income inequality among the citizens
Correct answer is D
One of the disadvantage of capitalism is that wealth and control of means of production is concentrated in the hands of every few individuals. The rich families alwalys control the wealth of the society.
The market supply curve slopes upward from left to right indicating that? ...
The Quantity Theory of Money states that an increase in the quantity of money would bring about ...
The 'terms of trade' means ...
In perfect competition, the marginal cost curve intersects the average cost curve ...
The Malthusian theory of population does not concern itself with ...
The amount of money required for the day-to-day running of a business is known as ...
The cross-elasticity of demand between complementary goods is ...