Write a note on evolution of commercial capitalism.

 A basic explanation would say that it is an economic system where those things that make money, like land, factories, communications, and transportation systems, are owned by private businesses and corporations which trade in a ‘free market’ of competition. This system uses the investment of money, or ‘capital’, to produce profits. It leads to a small upper class of people having the most wealth and the growth of large corporations. This leads to economic inequality between rich and poor, which governments try to reduce by various social schemes, regulations and activities. It is different to the system in the Middle Ages, usually called feudalism, where control of land and the workers who were bonded to that land was the key to making wealth.

In other words, capitalism is the system that allows rich people to invest their money in projects and make (or lose!) even more money. It allows anybody who is rich enough to do this. The historian Eric Williams argued that a _____ _____ ___ ___ __________ __________ ____ _____ _______ _____ _________.
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