11.4k views
7 votes
The United States has a capitalist economy. What do you think are some benefits of this type of economy?

User Sorak
by
6.8k points

1 Answer

8 votes

Answer:

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.

User AeonOfTime
by
7.3k points