Question

Define Capitalism and who argued that "capitalism is both a progressive as well as an exploitative
system​

Answer 1

Answer:

An economic and political system in which a country's trade and industry are controlled by private owners for profit , rather than by a state

Answer 2

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Capitalism...

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.

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Who argued???

Karl Marx saw capitalism as a progressive historical stage that would eventually stagnate due to internal contradictions and be followed by socialism. Marxists define capital as “a social, economic relation” between people (rather than between people and things).

Explanation:

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