Question

Is Capitalist economy helpful in maintaining human values?

CHAPTER: Poverty as a challenge, grade 9, ncert

Answer 1

Yes, by providing strong incentives for individuals to become entrepreneurs, capitalism encourages diligence, initiative, and hard work. The spirit of enterprise requires effort to maintain; thus the incentive of profit rewards diligence and discourages slothfulness.

Answer 2

not sure the answers but if explaining id say yes for making it easier for individuals to climb up or down the ladder. No- cause it singles out some groups of unfortunate people