Pros and Cons on Capitalism
Pros
Cons
Increased Income
A selfish nature provided them to become
more greedy
Decision had to be made by the businesses on
their point of view.
Not too many people who work for those jobs
get the wages that they were expected to
have.
The competition was getting tougher and
tougher.
The stock market was rising.
New businesses, more job opportunities.
Individuals from the economic system and
were decentralized have a chance to compete
many different businesses.
Economic Growth was promoted.
There was more competition coming into the
markets
Based on the economic system.
Financial aid was always given; this was one of
the reasons to why the people were motivated
to work harder.
The government makes all decisions.
Society is now relying on money instead of any
other resources.
The methods that the competitions that were
being used were unfair.
The income of the individuals was too high
that they were not able to catch up with the
standard costs of living and the increase of
supplies.
Unemployment would be the final result if the
businesses were not too successful.
The distribution of wealth would be unfair.
Pros and Cons on Communism
Pros
Decentralized economic system-individuals
have options in business-competition
Cons
Consumers would have fewer options.
Power was distributed equally.
Mankind was being selfish.
An equal society.
Greed was prevented.
People would have no motivation to work
hard due to the fact that there were no
changes made towards their life so far.
Individuality would be destroyed.
The community as a whole makes all of the
decisions.
There would be no individual enterprise if
the decisions were made by the
The society will be come more humane
Human nature was being shown to a much
generous side compared to the human
nature to the selfish side.
community.
The society will not follow Social
Darwinism which is the idea of natural
selection.
Hardworking people were not rewarded at
all.