scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 916
Capitalism is can be simply defined as an economic system marked by open competition in a free market in which the means of production and distribution are privately or corporately owned and development is proportionate to increasing accumulation and reinvestment of profits However capitalism tends to incorporate a certain way of thinking driven by greed the search for ever-increasing profits worldwide expansion and internal development Starting from the earliest origins of capitalism only societies with the capabilities and the appropriate mindset could flourish amidst this period of economic social and religious dispersionThe earliest form of capitalism is seen in feudalism the political and economic system based on the relation of lord to vassal held on conditions of homage and service Feudalism was characterized by a surplus of agriculture and monopolistic rights as only the members of town guilds could practice certain trades Essentially monopolistic redistribution of the product of society has been the essence of capitalism from the beginning which originated from FeudalismThe earliest establishment of capitalism originated in Rome through mercantilism Mercantilism involves the distribution of goods in order to realize a profit which is the fundamental goal of capitalism Goods were bought at one site for a certain price and then moved to another site and sold at a higher price As the Roman Empire expanded mercantilism correspondingly expanded But the fall of the Roman Empire caused European economies do eventually lose its focus of mercantilism and localize their economies However these mercantilist ideas gradually evolved into capitalism in the era after the fall of Rome The absence of empires created the social space for capitalism Capitalism was similar to mercantilism in its large-scale search for profit by acquiring goods at lower prices than one sells them However capitalism evolved into a complex European system that soon spread around the globe and involved many aspects the accumulation of capital increased productivity wage labor mass-trade in necessities individualist thinking and the large-scale goal to
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA