Transnational Corporations may choose to invest in Low Income Countries as they make higher profits. How are they able to make high profits?
Production costs are lower as workers are paid less, there is a lower cost of transporting raw materials and there are less stringent health and safety rules
This means money can be saved and a larger profit can be made
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Low Income Countries have a large workforce that will work for lower wages than people in High Income Countries.
Which of the following are ways in which aid can be given? Select all that apply.
Money
Mobile Phones
Expertise in the form of medical professionals or technology
In the form of goods, such as food, water and shelter
Answer: Money, Expertise in the form of medical professionals or technology, In the form of goods, such as food, water and shelter
Microfinance loans have been used by women to set up businesses and be independent workers.
What does development consist of in the 21st Century?