Answer:
Exploiting natural resources - this is the most straightforward approach. Colonies were established mainly to obtain the economic benefit from exploiting resources such as lumber, ore, gold, coal, etc.
Exploiting the population - exploiting the labor power of people in the colonies is also a way for the colonizer country to make money out of the colonized territory. The forms of exploitation can vary from straight up slavery, to serfdom, to wage labor with extremely low pay.
Making the colony a captive market - The colony can also become a captive market for the colonizing country. This means that the people in the colony are obliged to buy goods and services from the colonizing country due to internal or external restrictions to competition and trade.
Its called a dismemberment benefit
India has substantially decreased its aid to Nepal for fiscal year 2020-21 in the budget presented by Indian Finance Minister Nirmala Sitharaman, on Saturday.
According to the budget speech, the southern neighbour allocated INR8 billion (Rs12.8 billion) for Nepal. In the fiscal year 2019-20, India had allocated INR10.5 billion (Rs16.8 billion), which was later revised to INR12 billion (Rs19.2 billion).
Based on the revised allocation of fiscal year 2019-20, allocation in the new fiscal year has been cut down by 33 percent.
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<u>Answer:</u>
<em>Companies passed on production and transportation costs to consumers</em>
<u>Explanation:</u>
An increase in oil prices will add to a higher inflation level. This is on the grounds that transport costs will rise prompting more increased prices for many products. <em>This will be cost-push inflation which is very unique to inflation brought about by rising aggregate excess/demand growth. </em>
Consumers will see a decline in unrestricted income. They bear a higher cost of transportation, yet don't have the compensation of income rise. <em>Higher oil costs can prompt slower economic development – especially an issue if consumer spending is less.</em>
