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 is an economic model where there is private ownership of the means of production and their operation is for profit. Some characteristics of capitalistic societies are competitive markets, private property, capital accumulation, price system, voluntary exchange of goods and services.