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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