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.
\(\begin{array}{c|c} \text{Number of Men} & 1 & 2 & 3 & 4 & 5 & 6 & 7 &...
Which of the following is not a problem of distribution of goods in Nigeria? ...
The financial institution that specializes in risk spreading is called ...
Which of the following factors is NOT responsible for the rural/urban drift in Nigeria? ...
An example of a vertical combination is the merger of_________ ...
A high rent on land will affect the cost of producing maize ...