The correct answer is C. Provide a steady labor supply for early colonists
Explanation:
The Encomienda system was a labor and slavery system mainly used in South and Central America during the colonization period. This system implied families or groups of indigenous people were assigned land by European colonizers. Moreover, natives grew crops and took care of the land, which benefited mainly Europeans and in exchange, natives were instructed about catholicism. This system was mainly inhumane as indigenous people were forced to work in difficult conditions, but it was beneficial to colonizers because in this way they had a constant labor supply to earn profits.
<span>The Sherman Antitrust Act prohibits agreements or contracts, combinations and conspiracies in restraint of trade in the foreign commerce. Monopolizing product or service using unfair systems are also considered illegal. The Sherman Antitrust Act’s major purpose was to protect companies and consumers from unfair business methods. <span>
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Globalization must be expected to influence the distribution of income as well as its level. So far as the distribution of income between countries is concerned, standard theory would lead one to expect that all countries will benefit. Economists have long preached that trade is mutually beneficial, and most of us believe that the experience of widespread growth alongside rapidly growing trade in the postwar period serves to substantiate that. Similarly most FDI goes where a multinational has intellectual capital that can contribute something to the local economy, and is therefore likely to be mutually beneficial to investor and recipient. And a flow of capital that finances a real investment is again likely to benefit both parties, since the yield on the investment is expected to be higher than the rate of interest the borrower has to pay, while that rate of interest is also likely to be higher than the lender could expect at home since otherwise there would have been no incentive to send it abroad. Loose talk about free trade making the rich countries richer and poor countries poorer finds no support in economic analysis.
