A major disadvantage of a capitalist economy is that it

Economics

WAEC 2022

A. leads to low production of goods and services
B. requires large number of officials to operate
C. considers individual consumers' satisfaction
D. worsens income inequality among the citizens

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Correct Answer: Option D

Explanation

One of the disadvantages of capitalism is that wealth and control of means of production are concentrated in the hands of every few individuals. Rich families always control the wealth of society.

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A major disadvantage of a capitalist economy is that it

Correct Answer: Option D

Explanation

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