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>
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i think this answers the question its slightly unclear
Explanation:
The Camp David Accords were signed by Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin on 17 September 1978, following twelve days of secret negotiations at Camp David. The two framework agreements were signed at the White House, and were witnessed by United States President Jimmy Carter.
<span>The act that protects the private information of both citizens and soldiers is the privacy act of 1974. Without this, the government and private entities would be able to access your personal data, and potentially use it for morally dubious purposes, or find out information you might want to be kept a secret.</span>
Explanation
A civilisation is a society that has developed art of science and organisation
Answer:
Ancient sumer was classified as civilisation because it had the 7 characters of civilisation
