Manufacturers try to locate their factors as close as possible to their inputs and markets to cut transportation cost. Other issues could be the availability of raw material, land, water, labor, power, capital, transport, and market. Examples of these manufacturers and/or industries would be the market for construction workers or “factor markets”. Industries and/or companies such as McDonald’s and other fast food chain, rely on these factor markets for materials to continue to expand and increase the economic growth and success.
Explanation:
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Answer:
Option B, China experienced rapid industrial and urban population growth
Explanation:
In the East Asian region, China grew very fast in terms of industrialization and hence the urban cities and population in it. These two factors contributed tremendously in the increase of GDP of the China individually and as well as the entire region.
China emerged as the manufacturing hub of the world and became a global supporter of all major business across the globes.
Hence, option B is correct
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Answer:
One specific way in imperialism affected the development of the domestic economies of imperial states is explained below in detail.
Explanation:
Imperialism negatively attacked the colonies. Under the external rule, indigenous culture and commerce were slaughtered. Shipped goods washed out local craft businesses. By using colonies as reservoirs of raw materials and warehouses for mass-produced goods, colonial authorities held back the colonies from expanding industries.
