In that email, I will tell my relative in the United states that the transition to capitalism now implies that we work for longer hours with less pay.
<h3>What is capitalism?</h3>
The term capitalism means a system in which the means of production is controlled by individuals rather than by the state. Hence, monopoly is possible in a capitalist economy.
In that email, I will tell my relative in the United states that the transition to capitalism now implies that we work for longer hours with less pay and we do not have the social and job security that was once guaranteed in a socialist/communist economy.
Learn more about capitalism:brainly.com/question/679709
