Question

FEATURES OF THE PRIMITIVE CAPITAL ACCUMULATION

Answer 1

Primitive capital accumulation is a process where by capitalists forces capital formation from peasants and production based activities.Small scale farmers like peasants who own land are transformed into capital.

The capital accumulated through this method is always inappropriate and is a discriminatory methods where some plantations like during the colonial periods were grabbed by colonialists.

The ownership of these forms of capital accumulations is by either the centralized government of some colonial companies.