Spending reduction and tax reduction
A major consequence of invisible trade is that eventually the amount of invisibilities will exceed the payments for them. This means that the goods and services provided will be given, but payment for them is often neglected. This leads to a devastating deficit in funds. So the person or business supplying the goods can be in ruin, along with the person or business owing the money. This could threaten the economic strength of Texas.
<u>The characteristics of middle class Latin American people:</u>
The people of the middle class in Latin America were very important part of the society for the economic development and for stability on the political grounds.
The people of this class were known for saving more, accumulating capital therefore contributing to the investment of the country.
This class also contributes to the productivity of goods and services which are manufactured in the country and they considered education as a very important factor for the development of the personality of the humans.
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