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Question
Distinguish between Capitalism and Globalism.
Solution
|
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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