Pros and Cons on Capitalism
Pros
Cons
Capitalism allows people the opportunity to raise
their income by providing an open competition in
the market, which also allows the economy to
prosper.
A decentralized economic system is apart of
Capitalism. In a decentralized economy, people are
open to many choices in business. They face many
different challenges and have to find their own
way to stay in the competition. This defines
Capitalism as working hard to achieve, to be
successful.
Consumers are more satisfied in a Capitalist
economy. They are more encouraged to work
towards financial freedom based on the products
they make in the competitive market.
Every business corporations’ goal is to make a
good profit. The main issue is that more powerful
companies/corporations take over smaller
businesses and the rights of employees are
rewarded based on how much product is made
and the success from it.
The major competition could be a major issue
because their would be unfair competition.
Capitalism could bring unfair distribution of wealth
in the economy.
Some believe the Capitalist system could be the
downfall of the country, or even the earth.
Pros and Cons on Communism
Pros
All men and women would be equal. There
would be no different class, race, and
nationality. Nobody would be considered
higher above another.
Cons
People would give up everything that makes
them different from others.
There would be equal wages for all citizens. As
previously stated, one doesn’t have any advan
tage over another.