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New York is the headquarters of the NYSE, AMEX, NASDAQ, NY Mercantile Exchange, many commodity exchanges, and most of the large banks, broker-dealers and investment banks, despite the volume of capital exchanged electronically.

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6y ago
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7y ago

New York City is the financial capital of the US. Economic capital is less easier to define. On a state wide basis, California has the largest economy in the US. For a better comparison of California's economy, if the state was an independent nation, it would rank 6th or 7th in the world.

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Q: What city is called the financial capital of the USA?
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Which two countries use capitalism?

The definition of a capitalist society is any society that makes profit or makes any kind of capital. Capital is resources such as money, lumber, grain, TVs things of value that can be traded or used. All societies are capitalist societies as all governments and countries must produce and posses capital to survive. The difference between governments is who has ownership of the capital. In communist countries, all the capital is posesed by and for the government , even people are defined as capital. In so called capitalist countries (Usually western republics and democracies) The greater wealth of capital resides in the people and is privatley owned with some going to the government as taxes. So technically your question is meaningless however your definition of a capitalist society could fit the description of the United States, the United Kingdom, Italy, Canada and many other nations.


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