At its root, capitalism<span> is an </span>economic<span> system based on three things: wage labour (</span>working<span> for a wage), private ownership or control of the means of production (things like factories, machinery, farms, and offices), and production for exchange and profit</span>
This continent (apart from Europe) was Africa. It is also referred to as "scramble for Africa" in which the European countries (England, France, Portugal, Italy, Germany) were fighting each other over land in Africa.
Answer:
Explanation:
In the steady state, output per person in the Solow model grows at the rate of technological progress g. Capital per person also grows at rate g. Let's note that this also means that capital and output per effective worker are unchanged or constant in a state that is always steady. In the united state of America. data, capital and output per worker, both have seen a growth at close to 2 percent per year for the past fifty years that has passed.
