Search results
Results From The WOW.Com Content Network
Capital accumulation is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains.
According to Kaldor, “The purpose of a theory of economic growth is to show the nature of non-economic variables which ultimately determine the rate at which the general level of production of the economy is growing, and thereby contribute to an understanding of the question of why some societies grow so much faster than others.” [2] [1]
Since the 1990s, the increasingly integrated global economy has given greater importance to the role of the city. Indeed, world city building has become the geographical force of capitalism. New spaces of accumulation in Asia, Latin America and Africa are gaining competitive advantage as new centres of command and control and of surplus capital ...
Capital accumulation forms the basis of capitalism, where economic activity is structured around the accumulation of capital, defined as investment in order to realize a financial profit. [185] In this context, "capital" is defined as money or a financial asset invested for the purpose of making more money (whether in the form of profit, rent ...
Capitalism is an economic system based on the private ownership of the means of production. This is generally taken to imply the moral permissibility of profit, free trade, capital accumulation, voluntary exchange, wage labor, etc. Its emergence, evolution, and spread are the subjects of extensive research and debate.
Early capitalism (primitive accumulation) / colonialism / imperialism (Hobson, Lenin, Bukharin) Extensive stage / intensive stage / late capitalism ; The Marxist periodization of capitalism into the stages: [1] agricultural capitalism, merchant capitalism, industrial capitalism and state capitalism.
The other side of over-production is the over-accumulation of productive capital: more capital is invested in production than can obtain a normal profit. The consequence is a recession (a reduced economic growth rate) or in severe cases, a depression (negative real growth, i.e. an absolute decline in output).
The rate of growth of the capital stock per worker is roughly constant over long periods of time; The rate of growth of output per worker is roughly constant over long periods of time; The capital/output ratio is roughly constant over long periods of time; The rate of return on investment is roughly constant over long periods of time