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What is the applicability scope of the economic geography? Read the article to find out.

Capitalism is an economic system, in which the means of production like farms, factories, land, labour, capital and organization etc are owned and managed by the private individuals and companies. They are called capitalists.

Since the end of last century we are seeing global changes never seen in recent or old history. The iron wall collapsing and the Soviet Union breaking in pieces are unique events in history because never a large empire disappeared so smoothly. Coupled with what we saw in China, moving from communism to capitalism. Never thought!

It would be crony capitalism. Giants must learn that foreign borrowing carries unanticipated risks of the sort evident today.