The pursuit of a national policy of Manifest Destiny
The pursuit of a national policy of manifest destiny
normative economics
normative economics
Linen and Beaver Hats
Europeans sought economic gain from natural resources in Africa and consumer markets in Asia.
Moving natural resources to eastern factories
Demand will always force markets to make economic decisions to convert resources into goods and services. Without demand. There is any reason to convert the resources.
Capitalism evolved from "free markets" to "monopoly control" at the end of the 19th century (wars of 1898). Basically, capitalist countries fought each other for access to RESOURCES in WW1 and again for MARKETS in WW2: ie; American Legion veterans cards referred to WW1 as the "Russian Intervention" until 1955. The loss of this (and later, China) huge markets and resources was a real blow to the "free marketers."
Answer this question…Imperialism led to conflicts over colonial resources, labor, and markets.
Private company makes thier own decisions
because they are located far from markets.
Imperfect Compitition