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Changing economies

Changing Economies The mentality of today’s worker focuses on not only providing what is necessary to survive for their own life as well as that of their family, but also thrives for a life of luxury and comfort. Society today is based upon principles that promote a strong work ethic that buys us comfort and satisfaction. A capitalistic society, spawned by a growth of industry and a driven force of consumers, is one that encourages luxury and self-fulfillment through material items. On the other end of the spectrum there exists a society of which a person accustomed to the life of free trade and open markets can barely comprehend. This is a life of self-sufficiency, a life in which a community may only produce what is absolutely necessary for survival. This is the self-reliant society where there is nothing to enjoy, the only goal in life is to merely stay alive. There is no surplus, there is no currency used as a means of trade, nor does this society have any consumers trading as they please. Free and open markets are considered to be the key elements in our current time of prosperity. One who is accustomed to such a life of luxury and wealth potential may find it difficult to understand a life of a worker during the medieval ages in Europe. This is a life of necessity, one in which an individual is not concerned with material wealth and general luxury; rather the concern is survival. Fundamentally, when comparing two different economies such as the current capitalistic economy with the economy of medieval Europe, the main representation must be expressed through understanding the life and mentality of the average worker. In an economy based on necessity, life is without luxury. There is neither a significant surplus of physical product nor is there a surplus of material holdings or wealth. On the contrary, a capitalistic society is based on entrepreneurship and the drive of the individual to reach a peak of financia...

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Changing economies. (1969, December 31). In Retrieved 05:05, September 02, 2014, from