How did colonizing countries hold and try to control their colonies? The institution of imperialism was maintained by a complex set of ideas on race and civilization. These ideas worked to both justify the colonization of countries and to maintain the military and economic power that upheld the colony.
- Country A produces a certain good in abundance and sells it at a cheaper rate to other countries - comparative advantage.
- Country B produces a good with a lower opportunity cost than another good - specialization in trade.
- Country A has superior resources to produce a good more efficiently - absolute advantage.
- Countries A and B have a free flow of labor across their borders - assumption in trade.
<h3>
What is Trade?</h3>
This is defined as the buying and selling of goods and services in which the seller is compensated by the buyer.
The trade terminologies and their appropriate descriptions can be seen written above.
Read more about Trade here brainly.com/question/17727564
The Protestant Reformation, often referred to simply as the Reformation, was a schism from the Roman Catholic Church initiated by Martin Luther, John Calvin, Huldrych Zwingli and other early Protestant Reformers in the 16th century Europe.
