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The role of capitalism

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The Role of Capitalism
The Role of Capitalism
Tiara Reed
BUS 309
Strayer University

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The Role of Capitalism The Role of Capitalism Tiara Reed BUS 309 Strayer University The Role of Capitalism The economic system of Capitalism is where the means of production are privately owned. Here the decision to produce and how much to produce are determined by the owners of production since the government has a minimal government interference. Advantage of capitalism 1. It encourage high rate of capital formation 2. In encourage efficient allocation of resources 3. It encourage invention Disadvantage of capitalism. 1. It encourage the growth of Monopoly 2. There is inequality in distr ...
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