global capitalist system

The global capitalist system is an economic framework where trade, investment, and production occur across international borders, driven by private ownership and profit motives. It fosters competition, innovation, and efficiency by allowing businesses to operate freely in various markets. This system is characterized by global supply chains, the mobility of capital, and the influence of multinational corporations. While it can lead to economic growth and improved living standards, it also raises issues like inequality, environmental concerns, and labor exploitation. Overall, it shapes how economies interact in a highly interconnected world.