The transaction that occurs between diverse industries across countries creates "a globalized economy".
Since the second half of the 20th century, trade between countries has suffered exponential growth. This is due to 2 reasons:
- Some countries have more developed industries in certain fields. This is what effectively generates trade, as a country will import the goods it does not produce or lacks the conditions to do so.
- Production factors such as raw materials or workforce are cheaper in certain countries. This has led companies to move their production to these latitudes.
Answer:
Explanation:
When Rome had inflation, it was mainly because the emperor started to make coins out of tin instead of silver. ... This process in turn is one cause of inflation. It can start either due to high aggregate demand or due to supply shocks, such as an oil price hike.
For the first one it would be <span>labor Unions </span>
