The institutionalization of trade has been around since the "value theory" of David Ricardo in 1817, which argues that some countries had more feasible conditions to produce a better output of certain products in comparison to others. As a result, they had to engage in trade with other countries that had products they lacked.
"Labor" and "resources" are the key factors that fuel trade. As some countries have a cheaper labor force, it makes their products have competitive prices in the market. On the other hand, certain countries have scarce resources that many other countries do not have such as gold and other minerals. Therefore they have to engage in trade with the countries that extract them from their soil.
The Titanic set off on its maiden voyage on 10 April 1912, from Southampton, England, embarking on its transatlantic journey to New York City in the United States with around 2,200 passengers and crew on board.
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Transcontinental Railroads, (brainliest would be awesome) :)
The people of Venezuela followed the religion of catholic Christianity like the neighbors and spoke Spanish like it's neighboring countries.
<u>Explanation:</u>
In the country of Venezuela, there were a lot of people who had migrated from Spain and countries of Africa, Arabs. This influenced the religion of Venezuela and people followed catholic Christianity as the main religion of the country. The most popular language of the country is also Spanish. This is also like the neighboring countries and the regions of Venezuela.
