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Classified in Geography

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Trade imbalances : industrialised countries bought raw materials in less developed countries and colonies al low prices , and used them to make manufactured goods . Then they sold these goods in less developed countries and colonies at low prices , and used them to make manufactured goods . Then they sold these goods in less developed countries colonies at high prices . This caused serious trade imbalances between developed and less developed countries 

Increased insdustrial productivity : Factories began to use the assembly-line system of production . This improved productivity and provided more of the new manufactured goods which consumers demanded 

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