8.1.3.2 - Advantages
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Practice Questions
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What is capitalism?
💡 Hint: Think about who holds ownership rights.
Name one advantage of socialism.
💡 Hint: Consider its focus on equality.
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Interactive Quizzes
Quick quizzes to reinforce your learning
Which economic system emphasizes private ownership?
💡 Hint: Think about the definition of capital.
True or False: Socialism aims for income equality.
💡 Hint: Consider the core principles of socialism.
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Challenge Problems
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Critically analyze how a capitalist system might over-produce certain goods while under-producing public services.
💡 Hint: Consider supply and demand vs. social needs.
Examine the effectiveness of mixed economies in addressing market failures compared to purely capitalist economies.
💡 Hint: Look at examples like healthcare or education.
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