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Assignment of business environment and indian economy

Q1:- what are the drawbacks of unregulated capitalism? 
Ans:- capitalism is an economic system characterised by. 
  • Lack of government intervention
  • Means of production owned by private firms
  • Goods and service distribution according to price mechanism opposed to government price control
 Pros of capitalism:-
                                      A society that puts equality before freedom will get neither a society that puts freedom before equality will get a high degree of both
  • Economic freedom helps political freedom if governments own the means of production and set price it invariably leads to a powerful state and createss a large bureaucracy which Mery extned into other areas of life. 
  • Efficiency:- firms in a capitalist based society face incentives to be efficiency and produce goods which are in demand these incentives create the pressures to cut costs and avoid waste 
Innovation:- capitalism has a dynamic where entrepreneurs and firms. 
Submitted to:- gurdeepak singh 
Submitted by:- anchal thakur
Mba - 1

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