Question

Why is the culture of capitalism dependent on perpetual economic growth? Who benefits from this growth, and what are the consequences for society?

Answer 1

Answer:

Capital accumulation (also termed the accumulation of capital) is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains. The aim of capital accumulation is to create new fixed and working capitals, broaden and modernize the existing ones, grow the material basis of social-cultural activities, as well as constituting the necessary resource for reserve and insurance.[1] The process of capital accumulation forms the basis of capitalism, and is one of the defining