Global Capitalsm.edited
Economics & Finance📄 Essay📅 2026
Global Capitalism.
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Social forces are elements in society that contribute to global capitalism. Various social factors are prevalent in a society that is in a push-and-pull dynamic and are diverse and inexhaustible. Some of them include; education, income, politics, industry, communication, and the economy. Social forces have a significant impact on our everyday lives. They are dynamic and keep altering individuals’ lives and social institutions. The rise of China and Pacific Asia, the end of the Cold war, the reunification and dominance of Germany in Western Europe, and the fall of the Soviet Union influence international affairs (Mastanduno 2019). National economies are thriving everywhere since the market now manages economic affairs.
Life before machine mechanization and industrialization has experienced numerous transformations in economic activity. Most economic activity during the pre-industrial age existed at a subsistence level, and goods and services were produced for consumption. Mothers would knit clothes for their kids rather than sell them. The pre-industrial era was not enlightened. People lived communally, and there was no competition. The aggressiveness of the world was not seen, and society appeared doomed. It is hard to fathom how people lived without the manufacturing sector. The industrial age saw industrial evolution where economic activity moved from primary agriculture to manufacturing goods and services. People moved from rural countryside to cities leading to urbanization. People started experiencing the modern world. Farers
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