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9 January, 06:46

Is this statement true or false? Unemployment and income inequality are seen as negative features of a capitalist economy.

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  1. 9 January, 10:38
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    True

    Explanation:

    The two major economic models are capitalism and socialism, and even though no country is 100% capitalist nor 100% socialist, most countries tend to lean towards one or the other.

    Socialist countries focus on income equality and full employment, while capitalist countries focus on the market and free enterprise. The downside of capitalism is that it increases income inequality and unemployment, even though it increases the total wealth of a nation.
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