Capitalism: Capitalism is an economic system characterized by private ownership of resources (land/factories), profit-driven competition among businesses (free market), and individuals' freedom to pursue their self-interests.
Industrial Revolution: The Industrial Revolution was a period marked by significant technological advancements in manufacturing processes, leading to increased production and economic growth.
Globalization: Globalization refers to the increasing interconnectedness and integration of economies, cultures, and societies worldwide through increased trade, communication, and technology.