EMS- Advantages And Disadvantages

Question 1

Capitalism advantages

Answer 1

Citizens are free to make their own worth
There is no limit to how much wealth can be accumulated
There is little interference from the government
Provide equal opportunity to every citizen

Question 2

Capitalism disadvantages

Answer 2

Inequality between the rich and poor

Prices (demand and supply) so can increase

Question 3

Communism advantages

Answer 3

All basics needs are provided for by the government

Question 4

Communism disadvantages

Answer 4

The group in control has all rights to other people's resources and so there is great class distinctions 
Money remains in the hands of a few and there is very little trickling down to the majority of the population

Question 5

Socialism advantages

Answer 5

Freedom to go into business by yourself
Pay taxes but receive infrastructure for this
Decide what you will produce and sell

Question 6

Socialism disadvantages

Answer 6

Need to find your own market

Not in control of how much tax you have to pay