Monday, January 4, 2010
MAIN FEATURES OF CAPITALISM
THE MAIN FEATURES OF CAPITALISM
According to Hobson the main features of capitalism are :
1.The production is not for immediate consumption but used for earning more profits.
2.The working class of prolatariat sells their labour power to the capitalist for wages. They have no control over production or sale.
3.The capitalistics use labour along with machinery for production of goods.
4.The production is on large scale and big markets are essential part of capitalism.
The capitalism do not spend their profits for pleasure and luxuries. They use their surplus money
to earn more profits. In short capitalism means all the above features combined together.
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