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Question

Accumulation of wealth is one of the major drawbacks of a capitalist economy.
How does this problem arise?

A
Due to the transfer of property to legal heirs
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B
Due to the right to ownership of private property
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C
Due to the equal distribution of wealth
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D
Due to the idea of personal growth
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Solution

The correct option is D Due to the idea of personal growth
The problem of accumulation of wealth in the hands of a few is a result of the right to private ownership and transfer of property to legal heirs. This right inculcates a sense of freedom in the economy, and people become more concerned about personal growth, which consequently widens the economic gap.

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