Militarism is a political idea that focuses on building a military. It is built around the idea that nations need to have strong militaries if they are to protect the interests of their people. If those interests create a conflict with the interests of another nation, the military is there to solve that through things like wars. Militarism is usually about territorial expansion.
It influenced them because the nations needed colonies in order to stay relevant on the worldwide market and be powerful. Britain and France had numerous colonies while Germany wanted to get some of them and Austria-Hungary and Ottomans had problems with people wanting to become independent. This resulted in all of them heavily focusing on their militaries which eventually brought world war 1.
The correct answer would be option B, Having a lower cost of production than other firms or nations.
Absolute advantage is having a lower cost of production than other firms or nations.
Explanation:
When a firm or nation can produce a product or service with less resources, or at lower cost, than other firms or nations, then this advantage is said to be the Absolute advantage.
When a firm or nation is able to produce a product or service cheaply than other firm or nation, this is called as Absolute Advantage.
We can take an example to understand the concept of Absolute Advantage. India has cheap workforce than Philippines, so India has an absolute advantage over Philippines in the Call Center Sector because India can hire workforce at a cheaper rate which can do the same task as that of the workforce in Philippines.
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The British were at a disadvantage since they were fighting on land that was not their own, and they didn't know it as well.
Johannes Gutenberg invented the printing press
