Use the circuit of production to explain the spread of capitalism throughout the world.

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The spread of capitalism throughout the world by the circuit of production is knowns as the capitalist mode of production which is governed by the MArxist theory .The capitalism using circuit of production is the system of organizing production and distribution within the socities of capitalist.The money making (private) in different forms like merchant trade ,production for profit , banking ,renting so on and so forth preceded the development of mode of production of by the capitalist .The citcuit of production in capitalism was based on the labor-wage and the ownership(private) of the production means and on the Industril technology which begins to grow fastly and abruptly in the Europe (western) from the Industril revolution and this extended to other part of the globe and this way it spreaded globally thorughout the world.It is characterized by the private ownership as we talked about above of the means of production , also the extraction of the surplus value by owner for the accumulation of capital , wage labor also .So, this way the circuit of production mode in the capitalism made it to reach universally .

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Rahul Sunny answered 1 year ago

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