What are the five causes of industrialization?

Q: What are multinational corporations (MNCs) and what economic roles do they play?

A: Investment is the amount of financial resources invested into the new capital goods like plant and…

Q: Explain what is meant by the globalization of markets. Provide an example. What are the most global…

A: Globalization in simple words we means to say that doing the business all over the world or globally…

Q: Why do nations fight trade wars? What are their goals?

A: A trade war is a confrontation between nations over economic issues. As a result, trade barriers are…

Q: What do you see as the biggest difference between market and non-market economies?

A: Market economy is run by private people. There is private ownership of factors of production in…

Q: WHAT IS THE DISADVANTAGE OF NOT HAVING ENOUGH INDUSTRY IN A COUNTRY?

A: In a country, different industries are established to provide different types of products and…

Q: How are cities related to farming and the Industrial Revolution?

A: Cities got developed during the Industrial Revolution(IR) as laborers left their farms to cluster in…

Q: How does agglomeration economies work? Cite the case of the Philippines to explain the answer

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: What are infant industries.

A: According to the infant-industry theory, nascent industries in developing nations require protection…

Q: What are the cultures of capitalism?

A: The collection of behavioral traits, cultural standards, ideals, and patterns of behaviour that are…

Q: If trade benefits all countries, why do we have trade wars?

A: Trade benefits all those involved in trade as it makes it accessible for the countries to have a…

Q: How the South Korea has become one of the most industrialized and exporter country in the world?

A: South Korea has experienced one in all the most important economic transformations of the past 60…

Q: What are the pros and cons of technological globalization?

A: Arjun Appadurai, who believed technical globalisation to be one of five'spheres of globalisation,'…

Q: What would make industries winners or losers in a country like Duba

A: A developed country is a country that uses high technologies; people have a high standard of living…

Q: What do you understand by the term deindustrialisation, explain the differentforms it can take?

A: Deindustrialization is a process of economic change in which a country or region shifts away from…

Q: How have changes in technology contributed to the globalization of markets and production?

A: Globalization refers to the openness of economies to make an exchange of economic goods, cultural…

Q: Why is fair trade better than free trade?

A: Trade: Trade refers to the phenomenon of buying and selling the commodity. A trade could be domestic…

Q: Since we are now into technology, what is the importance of the internet in globalization?

A: Globalization is the process through which individuals, businesses, and governments all over the…

Q: Why have some countries not industrialized?

A: Most economies start growing from agriculture and then to the secondary sector. When the economy is…

Q: What are the industrial policies of the United States?

A: Answer - Need to find- What are the industrial policies of the United States   The Industrial…

Q: What was the role of trade in the industrial revolution?

A: In General, Industrial Revolution means the shift from labor-intensive production to…

Q: Explain the term Capitalism?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: hat political factors are driving the new global innovation economy?

A: Political factors include the policies and rules made by the government of the country.

Q: What is the Economic Disaster?

A: Meaning of Economic Disaster or Economic Crisis: The economic crisis generally occurs when there…

Q: What does Globalizing Trade means?

A: The nations get involved in various activities, which contributes to the economic well being of the…

Q: What are the groups that are resistant to free trade and why?

A: A policy of trade that does not tend to restrict either imports or exports is known as the policy of…