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Accumulation of Wealth

In: Historical Events

Submitted By BILINGI
Words 1548
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The accumulation of capital is the gathering or amassing of objects of value as judged by one’s perceived reproductive interest group, the increase in wealth through, concentration, or the creation of wealth. Capital is money or a financial asset invested for the purpose of making more money (whealth in the form of profit, rent, interest, royalties, capital may also be seen as a form of capital, investment in one’s personal abilities, such as through education, to improve their function and therefore increase their income potential in a market economy.
Poverty is the inability of getting choices and opportunities of human dignity. It means lack of basic capacity to participate effectively in society. It means not having enough to feed and cloth a family, not having a school or clinic to go to not earn one’s living, not having acces to credit.
It means insecurity powerlessness and exclusion of individuals house holds and communities.
A developing country, also called a less developed country (LDC) is a nation with a lower living standard, underdeveloped industrial base and low human development index (HDI), relative to other countries. The development of a country is measured with statistical indexes such as income per capital (per person), (gross domestic product), life expectancy, the rate of literacy (ignoring reading addiction). Developing countries like Tanzania, Kenya, Ethiopia and others are, in general countries that have not achieved a significant degree of industrialization relative to their population and have, in most cases, a medium to low standard of living.
The concept of the developing nation is found, under one term or another, in numerous theoretical systems having diverse orientation for example, ant-imperialism and political economy.
In karl max’s economic theory, capital accumulation refers to the operation where by profit and reinvested...

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