Capitalist example sentences

In this book we shall mostly deal with the working of a capitalist economy.Marx argued that industrial society was 'capitalist'.The conditions of workers could not improve as long as this profit was accumulated by private capitalists.He was convinced that workers would triumph in their conflict with capitalists.Some were poor and others rich, some worked as labourers while others were capitalists who employed workers.If we apply the above mentioned three criteria to the countries of the world we would find that capitalist countries have come into being only during the last three to four hundred years.Moreover, strictly speaking, even at present, a handful of countries in North America, Europe and Asia will qualify as capitalist countries.In short, a capitalist economy can be defined as an economy in which most of the economic activities have the following characteristics (a) there is private ownership of means of production (b) production takes place for selling the output in the market (c) there is sale and purchase of labour services at a price which is called the wage rate (the labour which is sold and purchased against wages is referred to as wage labour).Marx believed that to free themselves from capitalist exploitation, workers had to construct a radically socialist society where all property was socially controlled.You will see what happens to different rural groups with the coming of modern agriculture; what happens when different regions of the world are integrated with the capitalist world market.In France, for instance, Louis Blanc (1813-1882) wanted the government to encourage cooperatives and replace capitalist enterprises.In both the developed and developing countries, apart from the private capitalist sector, there is the institution of State.It is to be noted that in a capitalist country the factors of production earn their incomes through the process of production and sale of the resultant output in the market.A typical capitalist enterprise has one or several entrepreneurs (people who exercise control over major decisions and bear a large part of the risk associated with the firm/enterprise).Capitalists owned the capital invested in factories, and the profit of capitalists was produced by workers.