<span>The answer is C. Great Britain. Great Britain sought to expand its territory in the world and so they colonized India in the mid 1700's and had spheres of influence in China through their tea company, the East India Company. Great Britain also established a penal colony in Australia in 1788.</span>
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>
Answer:
I am pretty sure that I read somewhere that is was a success
Explanation:
I searched it up on google. LOL
Answer:
Many historians have concluded that Renaissance and early-modern Spain had the highest amount of African slaves in Europe. After the discovery of the New World, the Spanish colonialists decided to use it for commercial production and mining because of the absence of trading networks.
