lengua
Classified in Geography
Written at on 
English with a size of 1.42 KB.
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