According to Marxism, capitalism exploits the workers by undervaluing this labour.
Accumulation is a key characteristic of capitalism.
A more general usage defines capitalism as a system where the factors of production are privately owned. Sales occur for profit in markets which are free in the sense that, subject to the constraints of the law, entrepreneurs are able to engage in business. The implicit assumption is that individuals are rewarded in relation to their economic contribution. 1. accumulation A Dictionary of Geography 2. A Dictionary of Geography 4.