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According to the textbook, what should underdeveloped countries do to initiate successful early industrialization?
Contract Law
The body of law that regulates the making, enforcement, and interpretation of agreements between parties.
Consideration
Something of value, such as money, goods, or a promise, exchanged between parties in a contract.
Contract Price
The total financial compensation that is agreed upon by all parties involved in a contract for the sale of goods or services.
Subtrades
are subcontracted businesses or individuals that specialize in specific aspects of a larger project, often in construction or manufacturing.
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