Capitalism

History of capitalism
origin of capitalism

1. CAPITALISM BY: MEHARWAR NAJAM

2. CONTENTS ETYMOLOGY History of Capitalism Agrarian capitalism Mercantilism Industrial capitalism Modern capitalism

3. etymology Capitalist is derived from capital, which evolved from capitale, a late Latin word based on caput, meaning " head“ Capitale emerged in the 12th to 13th centuries in the sense of referring to funds, stock of merchandise, sum of money, or money carrying interest.

4. The  Hollandische Mercurius  uses  capitalists  in 1633 and 1654 to refer to owners of capital . It was frequently interchanged with a number of other words — wealth, money, funds, goods, assets, property, and so on .

5. capitalism It is an economic system and a mode of production in which trade , industries and means of production are largely or entirely owned privately for profit It is based on 3 things Wage labor Private ownership Production for exchange and profit

6. Pierre-Joseph in 1861 ("Economic and social regime in which capital, the source of income, does not generally belong to those who make it work through their labor.

7. history Capital has existed for centuries on small scales. The "capitalistic era" according to Karl Marx dates from 16th century merchants and small urban workshops . Capitalism in its modern form can be traced to the emergence of agrarian capitalism and mercantilism.

8. Agrarian Capitalism Agrarian capitalism is a mode of production in which the forms of production vary according to the internal distribution of property rights and market involvement. It was found in England in 16 century

9. Mercantilism The economic doctrine prevailing from the 16th to the 18th centuries is commonly called mercantilism . Origin of modern capitalism

10. System of trade and profit European merchants backed by state control, made profit through buying and selling of goods

11. In the words of Francis Bacon, the purpose of mercantilism was "the well-balancing of trade; the cherishing of manufacturers; the banishing of idleness; the repressing of waste the improvement of the soil; the regulation of prices ..."

12. Industrial capitalism marked the development of the factory system of manufacturing, characterized by a complex division of labor between and within work process

13. Modern capitalism Capitalism was carried across the world by broader processes of globalization Industrialization allowed cheap production of household items using economies of scale

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