What are the basic features of Capitalism?
Capitalism is a mode of production based on generalised commodity production or a social system where (a) privately property and the marker have penetrated all sectors, converting everything including labour power into saleable commodity, (b) two main classes are found - a mass of wage labourers who own nothing but their labour power (their capacity to perform labour) and a class of capitalists who in order to survive as capitalists, must invest their capital and earn ever-increasing profits in a competitive market economy.
