Hello!
Advantages of a capitalist economic system:
• Economic growing and expansion.
• Consumer choice (The consumers get to choose what to consume, which leads to better products and services).
• Efficiency of economics (Goods and services based on demand)
Disadvantages of a capitalist economic system:
• Inequality (A small group of people hold most of the wealth)
• There can be a monopoly of power (a specific enterprise is the only supplier of particular commodity)
• Unemployment
• Social benefit ignored. A free market will ignore externalities.
No, I feel the disadvantages outweigh the advantages, because there are more of them.
