socialism and capitalism

SOCIALISM & CAPITALISM

Group MembersHassan MuqarrabInayat Khan IthishamULLAHBasheer Ahmad

DepartmentManagemen

t ScienceProgram MBA(1.5)

SOCIALISM & CAPITALISM

Agenda Socialism Advantage and

Disadvantage of Socialism

Capitalism Advantage and

Disadvantage of Capitalism

Difference between Socialism & Capitalism

SOCIALISM

Features: Government means of production distribution of goods Equal distribution of

wealth No socioeconomic

classes Equality Perfect competition Prices and quantity

determined by Govt

SOCIALISM

Advantages Greater

efficiency Greater welfare Absences of

monopolistic approach

Absences of business fluctuation

Economics Growth

Disadvantages Elimination of

individualism red Taoism and

ineffiency An artificial system Consumer suffer Non existence of

economic and political freedom

Non existence of competition

CAPITALISM

Features Private ownership Government

interferences Prices monitor by

private owners Primary objectives Strong competition Reward strong Skills priority

CAPITALISM

Advantages Competition to

provide goods and services

keeps prices low Rewards hard work Provides choice Consumers regulate

the market Improve Quality of

Goods Efficient Control Of

Production Process

Disadvantages Monopoly Behavior Waste Of talent Class Conflict Exploits people who

cannot compete Uneven distribution

of wealth Creates a money-

oriented society  Inequality Fluctuation In The

Level Of Employment

CAPITALISM VS SOCIALISM

CAPITALISM VS SOCIALISM

CAPITALISM VS SOCIALISM

SOCIALISM VS CAPITALISM

CAPITALISM VS SOCIALISM

CAPITALISM VS SOCIALISM

Capitalist countries: America Canada Brazil Japan Mexico

Socialist countries:

Cuba Saudia Arabia Iran North Korea Burma

CAPITALISM VS SOCIALISM