Answer and Explanation:
Capitalism is a type of economic system in which private parties or individuals own businesses within a country in contrast with command economy in which the government controls the capital goods. Therefore, in a capitalist economy, the goods and services move "freely" as the government is not in charge.
A country would be defined as a capitalist nation if the products and services are owned and moved by private entities. Capitalist countries are generally characterized by innovation that is fueled by competition.
For instance, the United Kingdom is considered to be mostly capitalistic because the government does not own businesses, the factors of production are owned by individuals.
Answer: Global commodity chain
Explanation:
Global commodity chain refers to a process where firms gather details, Information and transform them to goods that would be sold to consumers. This process connects various production and distribution centres in producing a particular commodity which is now sold at the global market. An example is iPhone that has it's production in both China and America, another example is car companies where most of their engines might be produced by GM motors and other parts from other production centres.
The political system most likely found with a supreme leader is a dictatorship. Hope this helps. :)
At noon on December 31, 1999.
Source:
https://www.history.com/this-day-in-history/panama-to-control-canal
