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 Agriculture with Shadow Icon |
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The western growth. It is represented that thus it is possible to explain only growthThe capital and the income of capitalists. However this concept does not help to explain
Increase in incomes of workers, and after all here also there was the most appreciable
Growth.
But even concerning the capital operation explains its accumulation is better, than
Opening of possibilities for investment. For economic growth are necessary as
The capital, and possibilities of its profitable use, and after experience 1930
Years very few people from economists believes that investment possibilities automatically
Arise at capital accumulation. Marx proved that accumulation induces
Capitalists to create new branches and to develop the overseas markets for the sake of
Applications of the saved up capital, but presence of stimulus yet does not guarantee
Results. Last researches of value technological and social Changes and expansion of trade for creation of investment possibilities Testify that the return relationship of cause and effect is possible also: Existence of investment possibilities can induce to accumulation
The capital. It is especially correct for the first stages of industrial revolution, when
Builders of the first factories have reacted to the requirement apprehended by them in
Perfection of textile manufacture: thus nothing testifies About that desire to use the superfluous saved up capital, if it
If capital accumulation, the first factories was the purpose of the first manufacturers
Would mean their total failure because demanded concerning small - on To comparison with agriculture, navigation or trade - investments.
For an operation subject investment situations in which it is possible are especially important
To employ workers on cheaper, than at competitors, to the prices. Such
Situations have played the important role in economic development of Third World countries, but
There are also older examples. In industrial revolution in England were
Complaints that pay in the factory worker essentially less are frequent, than
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