based on Marx and Smith and Meiksins Wood, describe/summarize how the system we now know as...

based on Marx and Smith and Meiksins Wood, describe/summarize how the system we now know as capitalism emerged out of the feudal order in Europe. two paragraphs each

1) Structural differences: What are the structural differences between feudal society and the capitalist system that eventually replaced? What do the systems have in common? What are the differences?

2) Dynamic transformation: Why did the institutions of the feudal system (described in a) change ? What social processes produced these changes? What institutions replaced the old order and how did these changes come about?

Expert Solution

Rahul Sunny answered 1 year ago

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