💡 A3 - CAPITALISM: (SHOULD-DO)
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Last updated over 4 years ago
12 Nsɛmmisa
Everyone around the world thinks that capitalism is a good thing.
Capitalism is an economic and social system where both the means of production and any associated trade are
List one other economic/social system that exists in our world.
Capitalism grew directly out of failed Middle Age .
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?
Peasants/serfs led a to protest the king's policies in the 1300s, which gave rise to modern-day capitalism.
Capitalism means there is
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.
Whether or not you believe that capitalism is the best economic and social system will probably depend on your