Question

What are some disadvantages of capitalism?​

Answer 1

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

Monopsony power

Social benefit ignored

Inherited wealth and wealth inequality

Inequality creates social division

Diminishing marginal utility of wealth

Boom and bust cycles.

Step-by-step explanation:

Answer 2

Monopsony power and social benefit can be ignored