Asked by Chantal Shanty on Jul 26, 2024

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Financialization can be defined as the increased reliance upon financial markets, motives, results, and institutions, rather than on sales of goods and services, to generate profits.

Financial Markets

Platforms where individuals, companies, and governments can trade financial securities, commodities, and other fungible assets.

Financialization

The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, overshadowing traditional industrial capital.

  • Determine and examine the function of financialization in the international economy, detailing its explanation, reasons, and consequences for the integration of worldwide business.
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JB
Jeianne BonninJul 28, 2024
Final Answer :
True
Explanation :
Financialization is indeed defined as the increased reliance on financial markets and institutions to generate profits, rather than relying on the traditional sales of goods and services.