Question

Which of these is/are demerits of a capitalistic society?

• A. Monopoly
• B. Class conflict
• C. Social inequality
• D. All of the above

Answer 1

The correct option is D All of the above

The demerits of the capitalist economy are:

• Monopoly: this develops monopoly practices which exploits consumers.
• Class conflict: the gap between the ‘haves’ and ‘have-nots’ increases.
• Social inequality: this inequality increases as there are no social security benefits provided by the government.