Define contemp - simply remarkable
The adjective contemporary has its etymological origin in the Latin language contemporaneus. It alludes to that or that which exists at the same time as another thing or another individual. It can also refer to what is linked to the current era. Two contemporary elements, therefore, have existence in the same time period that is taken as reference. There is, therefore, a chronological simultaneity between the two. Footballers Lionel Messi and Cristiano Ronaldo , meanwhile, are also contemporaries. Contemporaneity, of course, depends on the frame of reference since Galileo is a contemporary of Descartes but not of Messi. Nobody is contemporary per se, as if it were an intrinsic characteristic. It is common for art to be divided into historical stages. define contemp
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Economistshistorianspolitical economists and sociologists have adopted different perspectives in define contemp analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free-market capitalismstate capitalism and welfare capitalism. Different forms of capitalism feature varying degrees of free marketspublic ownership[8] obstacles to free competition define contemp state-sanctioned social policies.
The degree of competition in markets and the role of intervention and regulation as well as the scope of state ownership vary across different models of capitalism. Most of the existing define contemp economies are mixed economies that combine elements of free markets with state intervention and in some cases economic planning. Market economies have existed under many forms of government and in many different times, places and cultures. Modern capitalist societies—marked by a universalization of money -based social define contempa consistently large and system-wide class of workers who must work for wages the proletariat and a capitalist class which owns the means of production—developed in Western Europe in a process that led to the Industrial Revolution. Capitalist systems with varying degrees of direct government intervention have since become dominant in the Western world and continue to spread.
Constant economic growth is a characteristic tendency of capitalist economies. Critics of capitalism argue that it concentrates power in the hands of a minority capitalist class that exists through the exploitation of the majority working class and their labor; prioritizes define contemp over social good, natural resources and the environment; is an engine of inequality, corruption and economic instabilities; and that many are not able to access its purported benefits and define contemp, such as freely investing.
Supporters argue that it provides better products and innovation through competition, promotes pluralism and decentralization of power, disperses wealth to people who are able to invest define contemp useful enterprises based on market demands, allows for a flexible incentive system where efficiency and sustainability are priorities to protect capital, creates strong economic growth, and yields productivity and prosperity that greatly benefit society. The term "capitalist", meaning an owner of capitalappears earlier than the define contemp "capitalism" and dates to the midth century.
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Capitale emerged in the 12th to 13th centuries to refer to funds, stock of merchandise, sum of money or money carrying interest. Defins Disraeli used the term in his work Sybil. The initial use of the term drfine in its modern sense is attributed to Louis Blanc in "What I call 'capitalism' that is to say the appropriation of capital by some to the exclusion define contemp others" and Pierre-Joseph Proudhon in "Economic and social regime in which capital, the source of income, does not generally belong to those who make it work through their labor".
Marx did not extensively use the form capitalismbut instead capitalist and capitalist mode of productionwhich appear more than define contemp, times in the trilogy Capital Das Kapital. In the English languagethe define contemp "capitalism" first appears, according to the Oxford English Dictionary OEDinin the novel The Newcomes by novelist William Makepeace Thackeraywhere the word meant "having ownership of capital".
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Capitalism in its modern form can be traced to the emergence of source capitalism and mercantilism in the early Renaissancein city-states like Florence. Simple define contemp exchange and consequently simple commodity production, which is the initial basis for the growth of capital from trade, have a cojtemp long history. Arabs promulgated capitalist economic policies such as free trade and banking.]
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