Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor.
Slaveholders, the cliometricians argued, were capitalists for two reasons. First, their slaves were hugely productive and earned them a great profit. Second, they were in tune with the market and responded to its mechanisms. With these arguments, the cliometricians stand out as a notable group that considers slavery a form of capitalism.
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... Can we get the descriptions?
Answer:
Yes.That was the moment when my car broke down and I couldn't go home. As a result, it turned out that there was an accident at the place where I wanted to go.
Explanation:
"Its nearness to Rome would facilitate communications with the Western Empire" is the one among the following that is not a reason <span>why the Emperor Constantine selected the ancient town of Byzantium as the site for his new capital of Constantinople. The correct option among all the options given in the question is option "B".</span>
Answer:
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