7. Rise of Capitalism | World History

My Telegram Channel:- https://t.me/shreyasbadiye Ancient History of India:-    • Ancient History of India   Medieval History of India:-    • Medieval History of India   Modern History Of India:-    • Modern History by Shreyas Badiye   World History:-    • World History   World Geography:-    • Physical Geography   Indian Geography:-    • Indian Geography   Indian Polity:-    • Indian Polity by Shreyas Badiye   The new system of society which had been emerging in Europe from the 15th century is called capitalism. Under capitalism, the instruments and the means by which goods are produced are owned by private individuals and the production is carried out for making profit. The workers under this system do not own anything but work for a wage. The owners of wealth under capitalism who are called capitalists do not keep their wealth or consume it or use it for purposes of display but invest it to make profit. Goods are produced for sale in the market with a view to making profit.