Progressive ideas and movements Defining Moments, 1750–1918
Investigation 1: Capitalism
Capitalism is an economic system based on the use of money (capital) to produce goods and services that are sold to generate wealth for the investor. Where there is competition, capitalists search to develop more efficient and productive ways to produce goods and services, and this often makes them cheaper. Workers are employed to produce the goods and services, and they can then afford to buy the goods and services, benefiting from the choice and competition available in the different markets.
Complete these investigations to discover information about the development of capitalism in Australia in the nineteenth century.