Ask Question
Social StudiesSocial Studies
16 February, 13:23

Describe the characteristics of our economic system? Of the benefits and disadvantages of our free-enterprise

capitalism, which do you think are stronger? Why?

+1
Answers (1)
  1. 16 February, 13:56
    0
    Our economic system is free market capitalism, and the benefits vastly outweigh the disadvantages. Capitalism has brought about reduced pricing in everyday items through competition, reduced pricing in large things like medical expenses through innovation (also furthered by competition), and a vast reduction in poverty in the last 50 years. Another advantage is that it requires consent on the side of both buyer and seller, without a third party like the govt. intervening.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Describe the characteristics of our economic system? Of the benefits and disadvantages of our free-enterprise capitalism, which do you ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What goods did europeans send to the east in trade? 1.) spices 2.) foodstuffs 3.) silk 4.) timber
Answers (1)
What can you determine by reading the Preamble to the Constitution of India? A) India still relies on the caste system. B) India is run as a communist dictatorship. C) India allows people to advance economically.
Answers (1)
Bill owns a corporation situated on a large plot of land at the edge of a historical national park. The government recently appropriated the corporation's land to improve to build a community center that the public has been requesting for a long
Answers (1)
When the President receives a bill passed by Congress, which is NOT an option for the President?
Answers (2)
What is a prejudice? a. an oversimplified or inaccurate assumption shared by a group of people b. a situation in which an employee can take unfair advantage of his or her position in the company c.
Answers (1)
New Questions in Social Studies
One criticism of the Electoral College is that it can exaggerate a win for a candidate in an election How is this phenomenon shown in the map provided?
Answers (1)
Going to a concert, getting a hair cut, and going to the doctor are examples of
Answers (2)
What's the importance of rivers in Europe
Answers (1)
Compared to the situation 50 or 60 years ago, today's transition to adulthood is:
Answers (1)
One reason why the spanish easily conquered the americas was that the aztecs and the incas lacked
Answers (1)
Home » Social Studies » Describe the characteristics of our economic system? Of the benefits and disadvantages of our free-enterprise capitalism, which do you think are stronger? Why?
Sign Up Forgot Password?