Societies organized primarily by capitalism are a late development in the history of humankind.

Question

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Capitalism is a system that emerged in the modern era, particularly in Europe in the 16th century. Prior to that, societies were organized based on various systems, including feudalism, barter, and subsistence economies. Therefore, societies primarily organized by capitalism are a late development in human history.

Societies Organized Primarily by Capitalism Are a Late Development in the History