Watering the Butternut Squash |
Strawberry Fields |
Big Idea 150 is Capitalism
Capitalism is a product of the industrial society, the concept relies on the creation of surplus wealth which is invested by capitalists to create further wealth from the labour of their employees. A natural tendency of this system is the formation of monopolies, modern economies have laws which govern the creation of these monopolies either to limit them or to restrict the profit they generate.
Government can also create and administer monopolies.
Here's an explanation of Capitalism
No comments:
Post a Comment