Modern Capitalism: The Ming Dynasty, Mughal India, India

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Capitalism can be found in relatively every country and can be characterized in a majority of ways. It’s defined as an economic system based on private ownership of the means of production and their profit. A few features of modern capitalism include market relations, pursuit of a profit and competition. With capitalism controlling the majority of the world’s economy, It’s important to identify the beginnings of this economic system. Capitalism through trade and interaction between empires such as The Ming dynasty, Mughal India and Europe aided in funding and expanding the empires as well as planted a basis of our modern capitalistic society. The Ming dynasty was upheld and considered one of the most stabile empires due to their strong manufacturing,

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