0
Capitalism allows people to own private property, have the right to gain wealth and compete in the market. This promotes a growing economy where competing industries produce higher-quality products. Capitalism also allows individuals to earn money based on the importance of their role in society. If doctors didn't earn more than carpenters, no one would become a doctor and we'd have a shortage. This system encourages people to contribute to the economy, thereby gaining wealth for themselves and promoting wealth for others.
Capitalism is not without it's flaws, and there are many different forms of it.
(see the related link for a historical perspective on Western capitalism)
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoNegative - uneven distribution of wealth.
Positive - better standard of living (for the rich).
Wiki User
∙ 14y agoOne good reason for capitalism is that it protects individual rights, A bad reason is that the government is slow to seek social justice.
Wiki User
∙ 14y agoAdd your answer:
Earn +20 pts
What are the positive and negative effects of globalization to hospitality industry?
what are the positive and negative effects of globalization to hopitality industry?
Negative effects of widening of public roads?
There are many positive and negative effects of widening public roads. Negative effects that come to mind include: impeding traffic during construction, environmental impact, and taxpayer cost. There are other possible negative effects such as people "rubbernecking" or staring at construction which can cause an accident. If there is insufficient room to widen the road but it must be widened, sidewalk space can be reduced or street parking spaces removed.
What are positive and negative externalities?
a positive outcome, and a negative outcome
What are the negative and positive effects on globalization in Asian culture?
they liked to help them in agricultural advancesPositive:better infrastructure, increased communication with European countries, exchange of technologyNegative:prejudice, got rid of some Asian culture
What are the positive and negative effects of international trade?
One of the positive aspects of international trading is that is boosts incomes and creates job. One of the disadvantages of international trade is that the labor standards in other countries are lower than that of the US.
What are the positive and negative effects of money?
what is the positive and nagetive effects
What are the positive and negative effects of globalization to hospitality industry?
what are the positive and negative effects of globalization to hopitality industry?
What are the positive and negative effects of a sinkhole?
what are the positive and negative affect of a sinkhole
What is the positive and negative effects on a country when emigrants leave?
negative effects
What are positive and negative effects of levees?
Negative effects are can cause flooding if broken
Positive and negative effects of chemical energy?
positive
What does the quotation above show about the impact of imperialism on territory that was controlled by Great Britain?
There were positive effects as well as negative effects
The effects of colonialism would be positive or negative?
Positive for the colonists and negative for those colonized.
Positive and negative influence in the desert?
The desert had many positive and negative effects of the desert.
What are the negative effects of capitalism?
Some of the negative effects of capitalism include income inequality, exploitation of labor, environmental degradation, and monopolies that can stifle competition. Additionally, capitalism can prioritize profit over social well-being and lead to economic instability.
What are the negative effects of biofuels?
what are positive effects of bio fuel
What are some positive and negative effects of internationalism on Canada?
Positive: Environmental Negative: loss of soverignty
