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.
Although capitalism is the most effective means of allocating resources, it does have serious shortcomings, including the following: 1  monopolies that can interfere with free enterprise and reduce allocation efficiency through their pricing power;