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>
Answer:
The big mistakes of generals was that they did not use the artillery effectively.
Explanation:
the mistakes made by generals and soldiers are given below:
1) The generals did not use the artillery effectively which leads to high British casualties in the battle of Somme.
2) The generals attack on the Germans without making any plane for it. they consider that Germans did not stand against high number of British soldiers but the soldiers did not achieve its goal due to high number of machine guns which was installed at the Germans.
Answer:
From 2008 to 2010, China's real GDP growth averaged 9.7%. However, the rate of GDP growth declined slowed for the next six consecutive years, falling from 10.6% in 2010 to 6.7% in 2016. Real GDP ticked up to 6.8% in 2017, but slowed to 6.6% in 2018, (although it rose to 6.8% in 2017).
Explanation:
i hope this works
Social Studies has bussiness and presidental matters
Geography has places in the world and thing located in those places
History has things of the past and that are very old
Hope this helps
<em>Hugs ~L</em>
