8.1.2.3 - Disadvantages
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Practice Questions
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What is one disadvantage of capitalism related to wealth distribution?
💡 Hint: Think about how wealth is not equally spread out in society.
Name a disadvantage of socialism.
💡 Hint: Consider what happens when no one is competing.
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Interactive Quizzes
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What is a major disadvantage of capitalism?
💡 Hint: Consider how wealth can be distributed unevenly in a free market.
True or False: In socialism, individuals have complete freedom over their economic choices.
💡 Hint: Think about who makes the decisions in a socialist system.
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Challenge Problems
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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.
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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