8.1.4.2 - Advantages
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Practice Questions
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What is capitalism?
💡 Hint: Remember the role of private ownership.
Name one advantage of socialism.
💡 Hint: Think about how societies function more equitably.
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Interactive Quizzes
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What is one advantage of capitalism?
💡 Hint: Think about the profit motive.
True or False: Socialism promotes individual ownership.
💡 Hint: Consider how socialism is structured.
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Challenge Problems
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Analyze the long-term impacts of a purely capitalist system on income inequality within a society. Provide examples.
💡 Hint: Consider historical and current examples of income disparity.
Evaluate how a mixed economy could implement successful policies to mitigate the disadvantages of both capitalism and socialism.
💡 Hint: Think about practical applications of government interventions.
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