The nation of Winstone's economic system closely approximates pure capitalism. While Winstone's economy is likely to generate a great deal of wealth, it may do a poor job of providing an acceptable level of income for the elderly or disabled.

Question

Quizplus · Accepted Answer

A strength of capitalism is its ability to generate wealth. A weakness of capitalism is that it results in a very unequal income distribution that may not be very responsive to those who are too old or infirmed to compete in the market system.

The Nation of Winstone's Economic System Closely Approximates Pure Capitalism