Why is the year 1914 considered to be a living point in world history?
What was the aim of capitalist industry?
Answers
The history of capitalism is diverse. The concept of capitalism has many debated roots, but fully[quantify] fledged capitalism is generally thought by scholars[specify][weasel words] to have emerged in Northwestern Europe, especially in Great Britain and the Netherlands, in the 16th to 17th centuries. Over the following centuries, capital accumulated by a variety of methods, at a variety of scales, and became associated[by whom?] with much variation in the concentration of wealth and economic power. Capitalism gradually became the dominant economic system throughout the world.[1][2][need quotation to verify][3][need quotation to verify] Much[quantify] of the history of the past 500 years is concerned with the development of capitalism in its various forms.
Answer:
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.