Stages of the birth of capitalism.

Capitalism is an economic system where production and distribution of goods is based on private property. An economic system aimed at making a profit and increasing capital.
The growth of cities, trade, an increase in sales markets, new technologies led to the emergence of manufactories that turned into factories. Huge enterprises were supported by the labor of hired workers. The manufacturers and bankers formed a new social class – the capitalists. Urbanization, growth in labor productivity, economic growth are the result of the transition from handicraft labor to mechanized production.