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