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Distinguish between Capitalism and Globalism. - Economics

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प्रश्न

Distinguish between Capitalism and Globalism.

फरक स्पष्ट करा

उत्तर

Capitalism

Globalism

1. In capitalism, there is total freedom and private ownership of the means of production. The government has a limited role in a capitalistic economy. 

1. It is an ideology of globalization that connects nations together through international trade.
2. The system is for national development 2. It aims at global development.
3. It is also called a free economy or Market economy. 3. It is also termed Extended capitalism.
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Economic Systems
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पाठ 1: Introduction to Macro Economics - Model Questions [पृष्ठ १७]

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सामाचीर कलवी Economics [English] Class 12 TN Board
पाठ 1 Introduction to Macro Economics
Model Questions | Q 33. | पृष्ठ १७
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