To which sort of capital did the merchant capital transform into?
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A process of primitive accumulation of capital, upon which commercial finance operations could be based and making application of mass wage labor and industrialization possible, was the necessary precondition for the transformation of merchant capitalism into industrial capitalism.
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A process of primitive accumulation of capital, upon which comerical financial operations could be based and making application of mass wage labor and industrialization possible, was necessary precondition for the transformation of merchant capitalism in to industrial capitalism.
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