The best-known triangular trading system is the transatlantic slave trade, that operated from the late 16th to early 19th centuries, carrying slaves, cash crops, and manufactured goods between West Africa, Caribbean or American colonies and the European colonial
The means of production, resources, and businesses in a capitalist economy are based on the private ownership ( as opposed to public ownership). Private ownership is a basic characteristic of Capitalism, together with the notion of market economy, in which the economic decissions are made following the trends of supply and demand.
Ibn Battuta. He was a medieval Moroccan Muslim Scholar and traveler and has a crater on the moon. He is known as the worlds greatest traveler.<span />
B. Rudyard depicted "The White Man's Burden" as the racial justification for Western expansion. Thomas Bailey criticizes Rudyard's notion that the white race must be in authority. He further questions Rudyard as to why imperialism is necessary.
Someone may use Bailey's argument to explain why they think American expansion is unethical. The basis of American expansion was to gain territory, and to bring the "savage" people into civilization.
C. Between 1890 and 1945, the United States was involved in the Spanish-American War, which resulted in the annexation of the Philippines, Puerto Rico, and Guam. The United States deemed the Fillipinos as too "uncivilized" to govern themselves.
I think the labor market is the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined.
