What are the advantages and disadvantages to capitalism

Explanation:

Pro-

Efficient Allocation of Resources.

Efficient Production.

Dynamic Efficiency.

Financial Incentives.

Creative destruction.

Economic freedom helps political freedom.

Mechanism for overcoming discrimination and bringing people together.

Cons-

Monopoly power. Private ownership of capital enables firms to gain monopoly power in product and labour markets. ...

Monopsony power. ...

Social benefit ignored. ...

Inherited wealth and wealth inequality. ...

Inequality creates social division. ...

Diminishing marginal utility of wealth. ...

Boom and bust cycles.

affirmative action refers to the policies that take gender, race, or ethnicity into account in order to promote equal opportunity.

employers subject to title vii are prohibited from taking race or sex into account in any employment decisions. aa is a penalty for having any job group substantially statistically "underutilized" in any race or either sex. the employer must take steps to eliminate the underutilization, then stop, ending its aa efforts