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Also, what factors helped drive capitalism global.
To first understand why capitalism is so widespread in the global economy lets have a better understanding of what capitalism is. Capitalism, also called free market economy, or free enterprise economy, is an economic system in which the method of production and distribution are privately or corporately owned and development is balanced to the growth and reinvestment of profits gained in a free market. In other words, capitalism is a social system based on the belief of individual rights (Capitalism 2007).
The driving force behind the expansion of capitalism was the growth of the English cloth industry during the 16th, 17th, and 18th centuries...
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