Get premium membership and access questions with answers, video lessons as well as revision papers.

Effects of the development of private property within the pre-capitalist economic system

      

Effects of the development of private property within the pre-capitalist economic system

  

Answers


Faith
The development of private property within the pre-capitalist economic
system had other far-reaching effects. These effects were witnessed at varying times in
different parts of Asia, Europe, Africa and the Americas. Some of these effects include:
1) The disintegration of the clan system.
2) Individual accumulation of goods began evolving e.g. Elders, war chiefs or
priests in the clan or community began exploiting their positions for personal
gain through the appropriation of communal labour and property to enrich
themselves.
3) Clan leaders used the new defensive weapons and fighters to defend their own
property and interests.
4) As a result of the above developments, the majority of clansmen became
impoverished economically and in turn became dependent on the rich and
noble chiefs.
Titany answered the question on December 8, 2021 at 05:56


Next: Characteristics of the communal economic system
Previous: What do you consider to be the reasons that account for the disintegration of the communal economic system?

View More World Economic Systems Up To 1914 Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions