Pollution is a worldwide problem that affects air, water and soil. Various human activities, mainly since the industrial revolution, have created waste products that have simply been released into the environment without any thought being given to their effects.
The Pros and Cons of Capitalism Even though capitalism is the clear winner when in competition with other types of economies, capitalism has major disadvantages that are often overlooked.
Capitalism, Socialism, and Communism. Definition-. Capitalism- Capitalism is an economic system through which businesses are privately owned in order to make a profit. This system follows the laws of Adam Smith, including the law of competition, law of self-interest, and law of supply and demand.