Capital refers to equipment of all kinds and to hourly or salaried labor.
Capitalists are people who use capital to produce goods and services.
While the number and variety of products increase, their sources of production become less numerous. This trend is accelerating. Regardless of the industry in which it occurs, a conglomerate is a combination of firms that operate in many diverse fields. Multinational is used to emphasize the fact that these corporations operate outside national boundaries almost as if they were nations unto themselves. While workers were losing their jobs and manufacturing facilities were closing in some of the nation s older cities and towns, the owners and top executives were gaining personal wealth.