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The growth of capitalism was driven by several key factors, including the rise of trade and commerce during the Renaissance, the expansion of European colonial empires, and advancements in technology, such as the printing press and later the steam engine. Additionally, the development of financial institutions, such as banks and stock exchanges, facilitated investment and the accumulation of capital. The shift towards individual entrepreneurship and property rights further encouraged innovation and competition, laying the groundwork for a market-based economy. Lastly, the decline of feudalism and the emergence of a more mobile labor force allowed for greater economic flexibility and growth.

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