Question

Briefly explain two of the examples of positive and desirable characteristics of capitalist systems put forward by their supporters.

Answer 1

First positive characteristic of a capitalist system is the competitive market and the price market. There are a large number of firms in the market and all of them work in order to maximize their profits based on the prices in the economy. Second characteristic of a capitalist market is that the factors of the production are held by individuals and they supply it to the firms so that the firms can produce the goods and services which are required by the individuals.