In developing countries, labor is cheap and low wages are paid to employees. This enables firms to manufacture products at a low cost and, therefore, to fix low prices for them too. Such goods are exported because they become attractive in the international sphere due to their price. Domestic products from developed nations cannot compete in prices with those imports, because their production costs are much higher, specially the labor costs.
If domestic products cannot compete with imports, domestic firms will not be able to sell their products and this would lead to decrease in sales, a loss of profit and to an excess of employees that wil have to be dismissed.
<u>In absolute terms, low wages in a developing country reduce the production, income and employment levels in developed countries. </u>
Explanation:
The definition of delinquent is something improper or criminal in nature or something that is late in being done. An example of delinquent behavior is robbing a store. An example of delinquent is a credit card payment that should have been paid several months earlier.
you can have categorical outcome variables! It's just that they would not be represented in a histogram.
<h3>Which of those two variables is the outcome variable?</h3>
The outcome variable is also called the response or dependent variable, and therefore the risk factors and con founders are called the predictors, or explanatory or independent variables. In multivariate analysis , the variable is denoted "Y" and the independent variables are denoted by "X
<h2>ABOUT HISTOGRAM :</h2>
A histogram may be a graphical representation of data points organized into user-specified ranges. Similar in appearance to a bar chart , the histogram condenses a knowledge series into an easily interpreted visual by taking many data points and grouping them into logical ranges or bins.
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Abū Bakr Muhammad ibn Zakariya al-Razi was a Persian polymath, physician. alchemist, philosopher, and important figure in the history of medicine.