Practice Disadvantages (8.1.2.3) - Unit 8: Economic Systems and Decision-Making
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Disadvantages

Practice - Disadvantages - 8.1.2.3

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Practice Questions

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Question 1 Easy

What is one disadvantage of capitalism related to wealth distribution?

💡 Hint: Think about how wealth is not equally spread out in society.

Question 2 Easy

Name a disadvantage of socialism.

💡 Hint: Consider what happens when no one is competing.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is a major disadvantage of capitalism?

Income Inequality
Government Control
Guaranteed Jobs

💡 Hint: Consider how wealth can be distributed unevenly in a free market.

Question 2

True or False: In socialism, individuals have complete freedom over their economic choices.

True
False

💡 Hint: Think about who makes the decisions in a socialist system.

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Challenge Problems

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Challenge 1 Hard

Discuss how income inequality in a capitalist economy can lead to political instability. Provide real-world examples.

💡 Hint: Think about historical examples where wealth disparity led to significant societal shifts.

Challenge 2 Hard

Evaluate a scenario in a socialist economy where a lack of competition leads to stagnation. What are the consequences?

💡 Hint: Consider consumer dissatisfaction due to lack of choice.

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Reference links

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