Stratification in the World System

Colonialism is the establishment, maintenance, acquisition, and expansion of colonies in one territory by people from another territory.

A multinational corporation (MNC) is a business enterprise that manages production or delivers services in more than one country.

Poverty is the condition of not having access to material resources, income, or wealth.

Modernization deals with social change from agrarian societies to industrial ones, with new technologies playing an important role.