There are many advantages and disadvantages when living in a capitalistic society. According to www.dictionary.com Capitalism is an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state owned means of wealth. One advantage of Capitalism is that the government has very little control over businesses, this allows business to compete, which then allow the consumer to find the lowest price. Also, capitalism allows businesses to hire more employees. Capitalism allows the business to obtain profits, with this profit they able to do whatever they want with it. Although there are many advantages there are also disadvantages. Some experts believe that capitalism causes inequality due to the distribution of benefits. Bigger businesses receive more than smaller sized businesses. Also companies are not allowed to make their own prices due to capitalism. Also due to the lack of government, it allows some businesses to dominate their industry. Ways to rule out the disadvantages of capitalism is to let the government have more control over big businesses. The way the government would have involvement in these businneses they would prevent them from buying out other businnesses and having a say in how they set their prices.
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