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The question as stated may be answered in this manner. The two largest nations that turned to communism by internal revolutions are the Soviet Union and the Peoples Republic of China. Each of this countries had an agrarian based economy. With that said, their leaders knew that industrialism was necessary in order for them to compete with other non-communist nations. In order to industrialize, each had to either import or mine their own land to find raw materials in order to produce more products. When they paid much attention on developing heavy industry, this caused an increase in mining and imports of raw materials.In itself, communism does not increase a demand for raw "goods". As Marx envisioned future worker revolutions, these workers were already involved in economies that were highly advanced in various industries. This was not the model of Marxist revolution in either Russia or China. As an aside, each communist party were guilty of revisionism. A word they once used against each other, especially in 1960-62.
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Why did the Columbian Exchange lead to an increase in the demand for skilled labor in Europe?
An abundance of raw materials from the New World needed to be made into finished goods.
Is the primary sector in decline?
yes because there is less demand for raw goods.
You move along a given demand curve?
Which is the following example of factor that would move a demand curve? A) increase gst b)decrease in cost of raw material c)decrease in subsidy d)decrease in price of complemantery goods
Why does Sweden trade?
Because, like most countries, it cannot produce all the goods and raw materials for which there is a demand on its own.
What cause can lead to a raise in prices?
Price increases can be caused by a variety of factors. One is the cost of raw materials can increase. An increase in the price of gas can also cause goods to increase, because most goods need to be transported.
Were the American colonies exporters of raw goods or manufactured goods?
raw goods
What happens to the supply and demand curve if new technology reduces the production cost of raw steel?
The demand curve will remain unchanged. The supply curve will increase due manufacturers being able to produce more raw steel for the same price. As a result, demand for raw steel will decrease, therefore the price level decreases.
Difference between primary and secondary demand?
primary demand is the raw products required to make a good . secondry demand is the demand that helps the production of goods such as it for a cloth the fiber is the primary demand and secondary is financial support and so on.
Are Consumers are the only group influenced by the law of demand?
no consumers are not only the group influence by the law of demand but the producers and the other branches of the market are equally influenced by the law of demand because even producers consume raw materials for finished goods.....
How is inflation caused?
we get two types of inflation demand-pull inflation, this inflation is happened from demand increase, the demand increase, the price gonna increase too. the cpi ( inflation ) index also increase. another type is cost-push inflation, this type is from cost increase. the wage rate and the price of raw materials increase, the cost of goods and service going up, and the price of goods and services also going up. that's the reason why inflation happened. hope this can help you
How did britains economy affect the process of industrialization?
Overseas trade boosted industrialization as it opened up the market for goods produced in factories. There was also high domestic demand for industrial goods. Improved transportation improved the accessibility of raw materials and industrial goods.
What is advantages of linkages?
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
