Home > Term: capitalist world economy
capitalist world economy
The single world system, which emerged in the 16th century, committed to production for sale, with the object of maximizing profits rather than supplying domestic needs.
- Part of Speech: noun
- Industry/Domain: Anthropology
- Category: Cultural anthropology
- Company: University of Michigan
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Creator
- M.Palmer
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(Bronze) 438 points - 100% positive feedback
