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 system in which trade, industry, and the means of production are privately owned and operated via profit and loss calculation (price signals) through the price system. A defining feature of capitalism is the dependency on wage-labor for a large segment of the population; specifically, the working class (proletariat) do not own capital and must live by selling their labour power in exchange for a wage.