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With time passing, economic changes within these societies gave birth to towns and cities, trade and manufacture and many other aspects of industrialization. This new economic and emerging system encouraged industrials to produce goods for sale in open markets. This new economic order known as industrial capitalism is an economic order based on the private pursuit of profit and on competition between firms to sell their products and which creates a gulf between a rich minority "the bourgeoisie" who controls the industrial resources and who possesses the means of production "the capital, the wealth", and an impoverished majority "the proletariat or the working class" who receives an "income" in the form of wage...
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This new economic order known as industrial capitalism is an economic order based on the private pursuit of profit and on competition between firms to sell their products and which creates a gulf between a rich minority "the bourgeoisie" who controls the industrial resources and who possesses the means of production "the capital, the wealth", and an impoverished majority "the proletariat or the working class" who receives an "income" in the form of wage...
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