How were capitalism and colonialism linked?

1.	How were capitalism and colonialism linked?
Answer» It is an economic system in which the means of production are privately owned and organized to accumulate profits within a market system. Capitalism in the West emerged out of a complex process of European exploration of the rest of the world. Its plunder of wealth and resources. An unprecedented growth of science and technology. Harnessing of science and technology in agriculture and industries. Capitalism was marked by its dynamism, its potential to grow, expand, innovate, use technology and labour in a way best assured to ensure greatest profits. Capitalism was also marked by its global nature of being linked to western colonialism.

Answer»

It is an economic system in which the means of production are privately owned and organized to accumulate profits within a market system.

Capitalism in the West emerged out of a complex process of

European exploration of the rest of the world.
Its plunder of wealth and resources.
An unprecedented growth of science and technology.
Harnessing of science and technology in agriculture and industries.

Capitalism was marked by its dynamism, its potential to grow, expand, innovate, use technology and labour in a way best assured to ensure greatest profits.

Capitalism was also marked by its global nature of being linked to western colonialism.

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How were capitalism and colonialism linked?

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