If the world price of cotton falls, firms will be less willing to supply cotton. Therefore, fewer cotton firms may open, or few people will be employed in the cotton-producing industry; therefore, the demand for labour for cotton-producing firms in South Carolina will decrease.
Since the world price of cotton falls, a textile-producing firm in South Carolina which uses cotton as only one aspect of their textiles, textile firms can buy more cotton since it's cheaper and will reduce costs. Since this is the case, the demand for cotton will increase. Because of this, more textiles need to be made, and so the demand for labour increases as a result.
The unemployment resulting from such sectoral shifts in the economy is best described as structural since demand for labour is decreasing in the primary sector and increasing in the secondary sector of the industry.<span>
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Political Ideology is a consistent set of values and beliefs about the proper purpose and scope of government.
<h3>What is a Political Ideology?</h3>
- Political ideologies typically focus on how to distribute power and how it should be employed. The effect of moral entrepreneurs, who occasionally act in their interests, is a contributing factor in an ideology's appeal.
- Political ideologies include two components: (1) aims, or how society should be run; and (2) means, or how best to get there. An ideology is a body of beliefs.
- Each ideology typically has opinions about the best type of government (such as autocracy or democracy) and the greatest type of economic system (e.g., capitalism or socialism).
- Sometimes an ideology and one of its central beliefs are both denoted by the same word.
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True, because it is relati to place
China was named after its first emperor war.
True.
