The two principles that form the basis of capitalism are private ownership and free markets, as this economic system occurs through less state intervention.
What is capitalism?
It corresponds to a system where the objective is to generate profit through private ownership and means of production, which can be industries, land and machinery, which are capable of generating income through work.
Therefore, globalization was a factor that strengthened capitalism, as countries trade with each other in order to achieve competitive advantages and profitability.
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