Question: what are the merits and demerits of capitalism?
Answer: (i) Economic Freedom: ...  (ii) Automatic Working: ...  (iii) Variety of Goods and Services: ...  (iv) Optimum Use of Resources: ...  (v) Efficient Producer: ...  (vi) Higher Standard of Living: ...  (vii) Incentive to efficient: ...  (viii) New Inventions: