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xenn [34]
3 years ago
12

What were the positive effects of capitalism

Social Studies
2 answers:
elixir [45]3 years ago
7 0
<span>Well lets look at it this way. Capitalism allows people to own private property, have the right to gain wealth </span>and compete in the market. This promotes a growing economy where competing industries produce higher-quality products. Capitalism also allows individuals to earn money based on the importance of their role in society. If doctors didn't earn more than carpenters, no one would become a doctor and we'd have a shortage. This system encourages people to contribute to the economy, thereby gaining wealth for themselves and promoting wealth for others. Capitalism is not <span>without it's flaws, and there are many different forms of it.

hope this helps</span>
crimeas [40]3 years ago
3 0
<span>It is for the good of society


</span><span> promotes equality
</span>

<span>results in a decentralized economic system
</span>
<span>provides a certain level of freedom
</span>hope this helps

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