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Capitalism?

Randy

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Capitalism is the main system of economic interaction in the world today.

What are its advantages and disadvantages?
 
Free enterprise, I suppose, but the ability to monopolize or price fix, even when it's supposedly being looked out for, are massive downsides.
 
Consumers enjoy a wider choice of products and services since the system allows firms to compete with other companies in the economy. Businesses are given a greater incentive to work hard since they get to enjoy the profits they generate by determining the means of production.
 
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