Capitalism is an economy in which the entire economy is left in private hands. The government's sole task is only to provide a safe legal framework in which capitalism can operate safely without fear...
Advantages are:
People can make there own decisions
The government has limited control which is good for structure
Provides freedoms such as: Enterprise ownership, Social Welfare, Profit...
Advantages are:
People can make their own decisions
The government has limited control which is good for structure
Provides freedoms such as:
Enterprise/Business ownership, Social Welfare, Profit...
Some advantages include: It mixes the benefits of capitalist nature of private companies and socialist nature of the government. Looks to balance economic growth of the economy and income Mixed...