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Political Science
1) Firstly :- they provide information of a 4) Forthly:- the minority parties and communities,
specialised and technical nature to the and such other small groups can influence
government, and administrators, which government through their pressure or interest
enable them to make laws and enforce them, groups.
or make policies and implement them.
Q:- Capitalism ? 3) Class life:- Society is divided into different
social classes based on their wealth, income, and
=> Capitalism is an economic system where
status.
private individuals and businesses own and
operate the means of production and 4) Exploitation-based:- Capitalism relies on the
distribution of goods and services. The main exploitation of workers, where employers pay
goal of capitalism is to generate profit low wages and demand long working hours to
through buying and selling goods and services maximize profits.
in a free market, with limited government
5) Unjustified competition:- In capitalism,
intervention.
businesses often engage in unjustified
competition, where they try to eliminate their
rivals by lowering prices or copying their
Features/characteristics:- There are several
products.
features or characteristics of capitalism.
6) Economic competition:- Capitalism is based
1) Right to property:- Individuals have the
on economic competition, where businesses
right to own and control private property,
compete to produce goods and services more
including businesses, land, and resources.
efficiently, to increase their profits.