Answer:
Explanation:
The advantages of capitalism include:
Consumer choice - Individuals choose what to consume, and this choice leads to more competition and better products and services.
Efficiency of economics - Goods and services produced based on demand create incentives to cut costs and avoid waste.
Economic growth and expansion (which is possible in the capitalist economy system) - This increases the gross national product and leads to improved living standards.
The disadvantages of capitalism include:
A chance of a monopoly of power - Firms with monopoly power (when a specific person or enterprise is the only supplier of a particular commodity) can abuse their position by charging higher prices.
Inequality - A capitalist society is based on the right to pass wealth down to future generations. If a small group of people hold all the wealth and that wealth continues to be passed down to the same groups of people, inequality and social division occur.
Recession and unemployment - An economy based on the market of consumers and producers is invariably going to experience growth and decline.
Answer: Among the factors that slowed George Bush's popularity are rising taxes and rising fuel prices.
Explanation:
George HW Bush was President of the United States of America between 1989 and 1993, during his tenure various events of great importance took place, such as the end of the Soviet Union, the fall of the Berlin Wall, the end of the Cold War and the Persian Gulf war.
In 1992 he launched his political campaign for a 2nd term, however, his popularity had decreased due to the increase in taxes during the last year, to the criticism he received about the handling of the Persian Gulf War and the recession that was entering the country. He also received criticism about the increase in fuel prices as a direct result of the Gulf War.
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Artisans made certain things an merchants traded them for things they needed and wanted.
