It started manifest westward expansion
Because Philip II of Spain wanted a standing Army, he found it necessary to raise taxes.
He found major difficulties in raising the taxes, however. Eventually, he did go bankrupt but that's not before he taxed all the local resources available.
Explanation:
1. Ano ang nakikita mo sa larawan?
2. May mga simbolo ba kayong nakikita? Ano kaya ang ibig sabihin nito?
Answer: The money paid to producers of imports leaves the country.
Explanation:
Leakage factors refer to means by which money and resources leave the economic system of the country.
Imports are considered leakage factors because when goods are imported, they are bought from foreign producers and when these producers are paid, money is leaving the domestic economy.
For instance, when a Toyota is imported into the United States, the purchase price is paid to Toyota in Japan which represents a leakage of dollars out of the United States.
