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?
HistoryClass 11CBSEAnswered 27 Mar 2026
Answer
- Disadvantages: There are many weaknesses and disadvantages of producing goods and services.
- The main motive of capitalist is to earn huge profit . They always think about their welfare.
- They produce low quality of goods to earn more profit.
- Advantages of a Socialist System
- The distribution of wealth is equal under socialist system.
- All get employment.
- There is no distinction between the rich and the poor.
- This system leads the country towards progress.
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