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Homework #6

Look up the pros and cons of capitalism. List three pros and three cons.

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  1. March 8, 2010 at 10:15 pm

    Pros:
    – It promotes creativity, when free enterprise can do things better and more efficiently at a lower costs.
    – The consumer has a choice of goods.
    – Countries that use it have greater wealth. It is considered to expand wealth.
    – The common person can participate in the free enterprise system. The American Dream is that anyone can go from rags to riches if they have a good idea and work hard at realizing their dream.

    The Cons are:
    – Capitalism needs to be regulated or it will result in monopolies and a lack of free enterprise. Guess who does the regulating? The Government!
    – Capitalism is prone to corruption. People get greedy, and they cheat, and they exploit the weaker elements of society.

  2. Cruz A.
    March 6, 2010 at 6:20 pm

    Pros of Capitalism:
    1. Capitalism promotes an economic growth
    2. Capitalism recognizes your right to pursuit of life, liberty and property.
    3. Capitalism results in a decentralized economic system. In a decentralized economy, individuals are open to more options in business.

    Cons of Capitalism:
    1. Capitalism can lead to unfair competition.
    2. Capitalism makes an economy money-oriented.
    3. Capitalism may lead to a depletion of the resources on Earth.

  3. Danelly R.
    March 4, 2010 at 9:42 pm

    Pros

    1. You are free to make your own choices , right or wrong, in the market place
    2.You can choose to run your own business or get a job with ease of government regulation
    3. As a consumer , you get the highest quality of products for the cheapest price.

    Cons

    1. capitalist economy can rise to unfair competition
    2. makes economy money-oriented , big businesses can take over smaller ones.
    3. may lead to depletion of the resources on earth

  4. Santiago I.
    March 3, 2010 at 9:56 pm

    Pros of Capitalism:
    1)Capitalism helps the economy of a country grow by having an open competition in the market.
    2)It makes each individual’s income to grow.
    3)It encourages people to work towards financial freedom.
    Cons of Capitalism:
    1)Business corporations look at the economy with a materialistic point of view.
    2)Some economists believe that capitalism may lead to a depletion of the resources on Earth.
    3)Business giants take over smaller companies.(imperialists)

  5. Santiago I.
    March 3, 2010 at 9:52 pm

    Pros of Capitalism:
    1)Capitalism helps the economy of a country grow by having an open competition in the market.
    2)It makes each individual’s income to grow.
    3)It encourages people to work towards financial freedom.
    Cons of Capitalism:

  6. jisselle gonzalez
    March 3, 2010 at 9:05 pm

    the pros on capitalism
    1.promotes economic growth
    2.provide better opportunities for a person to have a better income.
    3.people are open to alot of options in a business.

    the cons of capitalism
    1.there is alot of competiton in businesses and some have unfair advantages.
    2.business corporation only care about making money and they take over samller businesses.
    3.capitalism makes an economy money-oriented and a depletion of earth’s resources.

  7. Lazaro F.
    March 3, 2010 at 4:34 pm

    Pros:
    1. Capitalism promotes an economic growth because it provides an open competition in the market.
    2. Capitalism is a decentralized economic system, in other words individuals are open to a more number of options in business.
    3. In a capitalist economy the hard work is rewarded.
    Cons:
    1. Some economists believe that capitalism is bad because it may lead to a depletion of Earth’s resources.
    2. Capitalism can also lead to unfair competition.
    3. Business corporations mostly care only about making money and they take over smaller companies.

  8. Cinthya solorzano
    March 2, 2010 at 8:24 pm

    The pros on capitalism are the following:
    -Capitalism promotes economic growth by providing an open competition in the market,And this provide a person with better opportunities to get a better income.
    -Capitalism results in a decentralized economic system which means that people are open to more numbers of options in business.
    -Capitalism gives rise to the economy in where the consumers regulate the market, And Many consider this as one of the greatest strengths of a capitalist economy.

    The Cons On Capitalism
    -There is a lot of competition and there for some businesses have a unfair advantages
    -Capitalism makes an economy money-oriented

  9. Valeria Rivas
    March 2, 2010 at 7:21 pm

    Pros.1. Capitalism promotes economic growth. 2.Provide better opportunities of rasing their income. 3.People are more open to more number of options in business.

    Cons.capitalist economy can give rise to unfair competition. 2.Capitalism makes an economy money-oriented. 3.Business giants take over smaller companies

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