Capitalist World-Economy

The Capitalist World-Economy is a global system where economic activities, trade, and industries are interconnected across nations, driven primarily by capitalism. Wealth is generated through the exchange of goods and services, with corporations and markets operating internationally. This system creates a division of labor, where some regions or countries focus on producing raw materials or cheap labor, while others specialize in technology and high-value goods. It influences global development, inequalities, and political relationships, as economic power tends to be concentrated in a few core countries, shaping the structure of the global economy.