1) Resource Exploitation a) Can experience boom and bust cycles.  b) Market competition encourages efficiency  c) Emphasizes individual rights and freedom. d) Rewarding individuals and businesses for creating new products and services e) Generate significant income disparities between the rich and the poor  f) The pursuit of the profit can lead to environmental degradation 2) Cyclical Economic Crises a) Can experience boom and bust cycles.  b) Market competition encourages efficiency  c) Emphasizes individual rights and freedom. d) Rewarding individuals and businesses for creating new products and services e) Generate significant income disparities between the rich and the poor  f) The pursuit of the profit can lead to environmental degradation 3) Economic efficiency  a) Can experience boom and bust cycles.  b) Market competition encourages efficiency in production and resource allocation c) Emphasizes individual rights and freedom. d) Rewarding individuals and businesses for creating new products and services e) Generate significant income disparities between the rich and the poor  f) The pursuit of the profit can lead to environmental degradation 4) Income Inequality a) Can experience boom and bust cycles.  b) Market competition encourages efficiency  c) Emphasizes individual rights and freedom. d) Rewarding individuals and businesses for creating new products and services e) Generate significant income disparities between the rich and the poor  f) The pursuit of the profit can lead to environmental degradation 5) Individual Freedom a) Can experience boom and bust cycles.  b) Market competition encourages efficiency  c) Emphasizes individual rights and freedom.  d) Rewarding individuals and businesses for creating new products and services e) Generate significant income disparities between the rich and the poor  f) The pursuit of the profit can lead to environmental degradation 6) Incentive for innovation  a) Can experience boom and bust cycles.  b) Market competition encourages efficiency  c) Emphasizes individual rights and freedom. d) Rewarding individuals and businesses for creating new products and services e) Generate significant income disparities between the rich and the poor  f) The pursuit of the profit can lead to environmental degradation

Advantages and disadvantages of capitalism

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