Pure capitalism is also referred to as feudalism.

Question

Quizplus · Accepted Answer

Pure capitalism and feudalism are not the same. Feudalism was a socio-economic system that emerged in medieval Europe, characterized by a hierarchy of landlords and serfs, with obligations and responsibilities between them. Pure capitalism, on the other hand, is an economic system based on free markets, private property, and the pursuit of profit. While there are some similarities between the two systems, they are fundamentally different.

Pure Capitalism Is Also Referred to as Feudalism