1.

Study the disadvantages of producing goods and services under the capitalist system. What are the advantages that a socialist system can have in a society?

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :<a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a>. <a href="https://interviewquestions.tuteehub.com/tag/disadvantages-440372" style="font-weight:bold;" target="_blank" title="Click to know more about DISADVANTAGES">DISADVANTAGES</a>: There are many weaknesses and disadvantages of producing goods and services. <br/> (i) The main motive of capitalist is to earn <a href="https://interviewquestions.tuteehub.com/tag/huge-1032540" style="font-weight:bold;" target="_blank" title="Click to know more about HUGE">HUGE</a> profit. They always think about their welfare. <br/> (ii) They produce low quality of goods to earn more profit. <br/> 2. Advantages of a Socialist <a href="https://interviewquestions.tuteehub.com/tag/system-1237255" style="font-weight:bold;" target="_blank" title="Click to know more about SYSTEM">SYSTEM</a> <br/> (i) The distribution of wealth is equal under socialist system. <br/> (ii) All get employment. <br/> (iii) There is no distinction between the rich and the poor. <br/> (iv) This system leadsthe country towards progress.</body></html>


Discussion

No Comment Found

Related InterviewSolutions