Capitalism is Winning Around the World

An important aspect of global capitalism is the increasing dispersal of the manufacturing process into many discrete phases carried out in many different places

Modern capitalism emerged as a social system in western Europe in the first half of the nineteenth century The western European capitalist societies were

capitalism Capitalism A form of economic order characterized by private ownership of the means of production and the freedom of private owners to use,

capitalism Summary of Capitalism · Means of production are privately owned · Companies are incentivized to earn profits · Supply and demand drive markets · Capital markets