Modern capitalism is a framework for the creation and circulation of commodities, which are goods intended for profitable exchange rather than immediate use. Three factors of production are required to make commodities: labor, land, and capital (i.e., goods and money used in production). The ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles