Introduction to Sociology/Economy

economies grew larger as societies grew and became more complex.For most people the exchange of goods occurred through social relationships.There were also traders who bartered in the marketplaces.Most exchange occurred within social groups.The capital investment would be returned to the investor when goods from the newly discovered or captured lands were returned by the conquerors.The European captures became branches of the European states, the so-called "colonies".
sm as a system developed incrementally from the 16th century on in Europe, although capitalist-like organizations existed in the ancient.Capitalism gradually spread throughout Europe and other parts of the world. In the 19th and 20th centuries, it provided the main means of industrialization throughout much of the world.The economic system employed between the 16th and 18th centuries is commonly described as mercantilism.This period was associated with geographic discoveries by merchant overseas traders, especially from England, and the rapid growth in overseas trade. Mercantilism was a system of trade for profit, although commodities were still largely produced by non-capitalist production methods.i think that in capitalism money and product are prominent and affect economy enormously