elemiad elemiad
  • 04-03-2022
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HOW DOES CAPITALISM WORKS IN GLOBALIZATION

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psschool203a psschool203a
  • 04-03-2022
Capitalism leans towards private ownership as opposed to government ownership. Capitalism is encouraged by globalization
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terryrace
terryrace terryrace
  • 04-03-2022

Answer:

Capitalism is defined as a system wherein economic distribution and production are owned by private entities in order to accumulate profit. Capitalism leans towards private ownership as opposed to government ownership. Capitalism is encouraged by globalization. However, the two terms cannot be interchanged.

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