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late through progression within the economy.

Capitalism allows individuals choice both in commodity purchase and employment opportunities. It allows resources to be distributed according to consumer choice rearing the market in a more productive consumer friendly range.

Through capitalism firms are inclined to produce with greater efficiency, by cutting cost and improving efficiency becomes an aim to prevent losses in an industry where competition is high bettering the economy as a whole [10] .

In such industries company effectively respond to changes in consumer desires better the economy and improving efficiency. In attempts to ensure the highest possible level of productivity, financial incentives are provided to employees by companies so as to better improve self interest in company proficiency. This is beneficial on a global level as these countries generally become exemplary innovative fronts for improvement in technology and implications of productive changes.

As company proficiency improves so does the ability for people to move through social class as an increase in wealth is available. This pushes individuals to work harder in the interest of self-preservation to achieve more. Profit increase within the economy and personal industry, allows an expansion in wealth and company resources, resources that will be used so as to best benefit the company and in turn the economy by promoting foreign investment.

Individuals possess a freedom of choice to purchase and engage in virtually any and all economic activities with little restraint. Promoting trade among nations and individuals that will mutually profit persons with and the economy itself.

Profit maximization is a main priority within the capitalist’s state; this can be produced via meeting consumer wants. This causes large suppliers of goods and services that are similar diversification in brands allow for customer distinction and individuality, catering for the necessary changes in desire for certain goods among the lower and higher income classes.

DISADVANTAGES

Within the capitalists state the consumer has all the power in the economy [11] because some people will always be able to work harder [12] , achieve more and eventually achieve dominance above others in the economy. Along with a lack of Government welfare and human nature several disadvantages would eventuality occur within the economy.

As dominance within the economy is formed by the elite few, wealth is recycled in this small percentage who has gained a monopoly through limited Government control. This normally occurs through construction of rules that limit the flexibility of the money flow between classes. Leading to exploitation in labor resulting in revolt and strike within the market negatively affecting the entire economy by halting and disrupting production.

Due to market being profit and demand driven, negative externalities such as pollution are generally ignored until they become a serious issue within the economy. This leads to a necessity to reduce the money supply in the economy to resolve these issues.

Firms that have been able to gain monopolies early within market development, pushes out smaller firms from entering due to the high level of competition where they may not be able to produce.

CHANGES IN CAPITALISM