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In your opinion, what is the greatest benefit of living in a capitalist economy?

User Rethabile
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1 Answer

9 votes

Answer:

Freedom to choose.

Step-by-step explanation:

Both command and socialist economy require government to assert high level control over the economy. Including the decisions regarding which economic activities should be conducted along with the type of resources that the people can own

Capitalists economy provide the freedom for the people to do whatever economic activities they want and accumulate the ownerships over resources that they obtain from those activities. This encourages innovations and motivation to put in extra work that help improve the economy.

User Sami Kuhmonen
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