The transaction that occurs between diverse industries across countries creates "a globalized economy".
Since the second half of the 20th century, trade between countries has suffered exponential growth. This is due to 2 reasons:
- Some countries have more developed industries in certain fields. This is what effectively generates trade, as a country will import the goods it does not produce or lacks the conditions to do so.
- Production factors such as raw materials or workforce are cheaper in certain countries. This has led companies to move their production to these latitudes.
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1st Lt James Harold Doolittle made another milestone flight on 24 September 1929. His milestone was the first successful blind flight—the act of taking off and landing relying solely on instruments inside the cockpit for guidance. He took off, flew five miles, and landed safely—all without looking out of the plane.
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The poems that Anthony win wrote were Dog War, The Great Yacht Race and God Carlos.
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Answer: A. There's limited wealth in the world.
Explanation:
Mercantilism was based on the notion that there was limited wealth in the world so countries needed to accumulated as much of it as possible.
For this reason, countries imposed high customs duties on imports from other countries so that people would not buy them and send money to their countries. At the same time they tried to export more so that countries would give them more of the wealth in the world.
