Answered: define globalization of capitalism

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter18: Globalization

Section: Chapter Questions

Problem 16E

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define globalization of capitalism

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The integration and interaction among the different people, firms, and the governments of different nations, a process operated by the international trade and investment and assisted by information technology is referred to as Globalization.

A system of economy in which private individuals or businesses own capital goods is termed capitalism where the production of goods and services is based on the general market of supply and demand is referred as the capitalism.

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