Economics: Capitalism:
The system where the means of production are privately owned and market determines the economic activities.
Globalism:
An economic system where the economic activities of a nation are inter connected and inter dependent on each other nation.

Question

Capitalism:
The system where the means of production are privately owned and market determines the economic activities.
Globalism:
An economic system where the economic activities of a nation are inter connected and inter dependent on each other nation.

Vimala Balu · Accepted Answer

Distinguish between Capitalism and Globalism?

Vimala Balu · Answer

macroeconomic covers the functioning performance and growth of an economy. it focuses on the aggregate changes in the economy

Economics

Capitalism: The system where the means of production are privately owned and market determines the economic activities. Globalism: An economic system where the economic activities of a nation are inter connected and inter dependent on each other nation.

Distinguish between Capitalism and Globalism?

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