Cari
Global capitalism
/ɡlˈəʊbəl kˈapɪtəlˌɪzəm/
/ɡlˈoʊbəl kˈæpɪɾəlˌɪzəm/Global capitalism
01
the economic system characterized by private ownership, free markets, and global trade that operates on a global scale
Example
Global capitalism has led to the rise of multinational corporations dominating markets worldwide.
Critics argue that global capitalism exacerbates inequality between wealthy and poor nations.
The spread of global capitalism has resulted in the homogenization of cultures in many regions.
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