💡 A3 - CAPITALISM: (SHOULD-DO)

Everyone around the world thinks that capitalism is a good thing.

List one other economic/social system that exists in our world.

In feudalism, lords owned the land and serfs worked the land in return for protection from the lords.

It was easy to move between social classes (ex: from serf to lord) in feudalism.

Why was there no real reason to innovate or improve society under feudalism?

One of the most attractive parts of capitalism is that you get can get rewarded for doing better than your competition.

Critics of capitalism say that one of its biggest flaws is that it leads to inequality in society.