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Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Capitalism began as a theory about how the economy functions. It was both descriptive and prescriptive – it offered an account of how money worked and promoted the idea that reinvesting profits in production leads to fast economic growth. But capitalism gradually became far more than just an economic doctrine. It now encompasses an ethic – a set of teachings about how people should behave, educate their children and even think. Its principal tenet is that economic growth is the supreme good, or at least a proxy for the supreme good, because justice, freedom and even happiness all depend on economic growth. Ask a capitalist how to bring justice and political freedom to a place like Zimbabwe or Afghanistan, and you are likely to get a lecture on how economic affluence and a thriving middle class are essential for stable democratic institutions, and about the need therefore, to inculcate Afghan tribesmen in the values of free enterprise, thrift and self-reliance.This new religion has had a decisive influence on the development of modern science, too. Scientific research is usually funded by either governments or private businesses. When capitalist governments and businesses consider investing in a particular scientific project, the first questions are usually, ‘Will this project enable us to increase production and profits? Will it produce economic growth?’ A project that can’t clear these hurdles has little chance of finding a sponsor. No history of modern science can leave capitalism out of the picture.Conversely, the history of capitalism is unintelligible without taking science into account. Capitalism's belief in perpetual economic growth flies in the face of almost everything we know about the universe. A society of wolves would be extremely foolish to believe that the supply of sheep would keep on growing indefinitely. The human economy has nevertheless managed to grow exponentially throughout the modern era, thanks only to the fact that scientists come up with another discovery or gadget every few years – such as the continent of America, the internal combustion engine, or genetically engineered sheep. Banks and governments print money, but ultimately, it is the scientists who foot the bill.The usage of the term ‘religion’ as a metaphor for Capitalism, is further strengthened by which of the following statements?a)Capitalism has become so deeply ingrained in the minds of people that they no longer question the norms and rules set by it.b)Across the world, people are now realising how scientific and devotional the capitalists are, as they always work for welfare of the poor.c)The expansion of Communism has further helped in eradicating the false Capitalistic ideal from the minds of the people.d)Capitalism promotes material wealth, which makes you feel as if you only are the true god.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.