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Cartels were formed to control imperfect markets by eliminating competitors and creating price floors to increase profit margins.
OPEC was formed in 1960 to co-ordinate and unify petroleum policies among Member Countries, in an effort to secure fair and stable prices for petroleum producers.
The G7 is a group of finance ministers formed in 1976 and includes the United States, Japan, Germany, Britain, France, Canada, and Italy.
European Union is the term used to define a group of countries that are associated in order to achieve a economical and political integration. It was formed in the year 1993 and it's conformed by 27 European countries.
OPEC
OPEC - The Organization of the Petroleum Exporting Countries
A group of people formed to hold information about foreign countries.
A group of people formed to hold information about foreign countries.
Most oil producing regions of the middle east are located around the the
It was England followed by scotland who were the first 2 countries to play an international
first international was formed on 1864.
Individually these countries tend to be poor but rich in natural resources such as petroleum and there was the concern that as individual countries the more powerful countries would take advantage of them. OPEC is an organization of petroleum producing countries that was formed to give them influence and protection which individually they wouldn't have.
explain the six cases for producing image formed by concave mirror
The League of Nations was formed after World War I. Its purpose was to discourage international aggression, encourage co-operation, disarmament of weaponry, and to improve working and living conditions for people around the world (especially developing countries).
The Warsaw Pact was the alliance that was made by communist Eastern European countries that the Soviet Union controlled. It was a military alliance that was formed in 1955, during the Cold War.
It was formed in 1952.