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As I said above, Wikipedia provides a fairly thorough explanation. Briefly though capitalism focuses on the role of capital in production. Summarizing a complex concept into a simple sentence, traditional societies produce for use, while capitalist societies produce for sale. Traditional societies engaged in industry and commerce, but they did so with an ...


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Capitalism is both a result of the environment and a factor building it. In other ages, to effectively produce goods there was needed a relatively small investment: Were you a farmer? All you needed was a plot of land (owned or rented), seeds, a few tools were all you need. If you were affluent enough, you could improve that with some oxen to help you ...


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According to Marxism, both Feudalism and Slavery use non-economic means of coercion on workforce.



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