Capitalism is becoming the world's dominant economic system. This is referred to as ________.

Question

Quizplus · Accepted Answer

Capitalism is becoming the dominant economic system on a global scale, which is referred to as the globalization of capitalism. Globalization refers to the interconnectedness of nations through economic, cultural, and political activities. Economic diffusion and globalization of economics are not specific enough to describe the dominance of capitalism.

Capitalism Is Becoming the World's Dominant Economic System