Thank you for the opportunity to help you with your question!
Capitalism came into full effect when the Gild System collapsed. With this came two systems that characterized the rise of capitalism
The factory system - Rich merchants collected equipment in a factory (warehouse), outsourced raw materials, hired workers for pay only and they ignored production modules, thus making the compete rather than co - operate
Putting - out System - Merchants rented the needed equipment to peasant families, sell them raw materials, then purchase the finished goods.
Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 30th, 2015
Are you studying on the go? Check out our FREE app and post questions on the fly!