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Describe two types of specialization in production.
Capitalism
An economic system characterized by private ownership of the means of production, profit motive, and market competition.
Markets
Economic systems or environments where buyers and sellers engage in the exchange of goods, services, or information.
Juggernaut
An overwhelming, advancing force or structure that crushes everything in its path.
Cosmopolitanism
A philosophy or ethos promoting the idea of global citizenship, where individuals are members of a single, universal community based on shared morality and values.
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