Question

what is capitalism?????​

Answer 1

Answer:

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• Under Capitalism the means of production are controlled by the private individuals
• To Earn maximum profits is the main motive.
• This System is in favour of the private property.

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Answer 2

Answer:

Industrialization led to the decline of feudalism in Europe.

A new system arose in its place.

It was a system in which the means of production where privately owned and operated for profit.

It was called capitalism capitalism.

Capitalism gave birth to two new social classes.

One was that of the factory owners employed workers and paid them wages.

The main aim of the factory owners was to make profits.

They controlled 'the capital' or money and hence were called the capitalists.

They were very prosperous and lead a life of luxury.

The Other class was the workers who worked in factories and received wages for their labour.

They were an exploited lot and lived in great hardship.