The institutionalization of trade has been around since the "value theory" of David Ricardo in 1817, which argues that some countries had more feasible conditions to produce a better output of certain products in comparison to others. As a result, they had to engage in trade with other countries that had products they lacked.
"Labor" and "resources" are the key factors that fuel trade. As some countries have a cheaper labor force, it makes their products have competitive prices in the market. On the other hand, certain countries have scarce resources that many other countries do not have such as gold and other minerals. Therefore they have to engage in trade with the countries that extract them from their soil.
The English Civil War had a great effect on the development of the military and the economy. During the army, Cornwell established an advanced army, strengthening the English military.
They often aligned themselves with other developing nations to create a bloc. They have the power of one super power nation, but they are still able to speak their countries opinions. Either wise, they would be completed over powered.
When Lenin came up with the idea for the New Economic Policy, he made some exceptions to allow for certain amounts of capitalism to be implemented to boost output of war materials.
Answer :Slaves or resources
Eplanation:
