The causes of rise of capitalism
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-Previous ruling classes which simply seized the surplus,while capitalist get it by buying people capacity to work.
-The use of the any of the surplus to improve the means of production was spasmodic.
-Economic growth was usually slow,often non-existent,sometimes negative for centuries at a time.
-The use of the any of the surplus to improve the means of production was spasmodic.
-Economic growth was usually slow,often non-existent,sometimes negative for centuries at a time.
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Capitalism is a system of trade and industries of the country are controlled by private owners for profit rather than the government., the foremost aim of capitalism is to actually make profits. With capitalism there are more choices, when it comes to food items there are low-fat foods etc.
The competition among private sector leads to the betterment of society, companies come up with new ideas to attract customers which give the consumer a choice and every sector can be catered with this approach. Capitalism allows the economy to grow because the economy is more efficient because private sector tries to be innovative, which improves the living standard of the economy and in return, the GDP also increases.
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