Answer to Question #319911 in Sociology for bae

Question

discuss the evolution of capitalist as a distict social organisation of work

Answer 1

Precursors of capitalism occurred during the ancient world despite its development being traced back to the 16^th century. Capitalism is an economic system where the property is owned and controlled by private actors per their interests who also demand and supply freely set prices in markets that serve the best interests of society. The crucial capitalism feature is the aim to make a profit. Capitalism has evolved significantly as a social organization of work. It bears two basic social classes: the dominant class, which controls the state and necessitates economic surplus through profits and interests, and the working class. The two basic social classes result from their roles in production, the direct outcome of the social division of labor.