Capitalism emerged as an economic force in _____.

History

1 answer:

Romashka-Z-Leto [24]3 years ago

7 0

Answer:

Capitalism emerged as an economic force in Great Britain.

Explanation:

In capitalism, the individuals and companies usually represented by them carry out the production of goods and services in a private and interdependent manner, depending on a consumer market for obtaining resources. It basically performs through free trade and, therefore, the division of labor is developed in a commercial way and economic agents depend on the pursuit of profit.

Many historians place the origin of capitalism in the small industrial cities of England, such as Manchester or Liverpool, in which large-scale industrial production paved the way for the exchange of products developed there.

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