global capitalism
Pronunciation
/ɡlˈoʊbəl kˈæpɪɾəlˌɪzəm/

Definition & Meaning of "global capitalism"in English

Global capitalism
01

the economic system characterized by private ownership, free markets, and global trade that operates on a global scale

Grammatical Information
Animacy status
Inanimate
Examples
Global capitalism has led to the rise of multinational corporations dominating markets worldwide.
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