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Compare the Spanish and French attempts at developing their American colonies in the seventeenth century. Why were the colonies established? What were the main successes and failures? Why did they seemingly not have the same success as the British?
Cars
motor vehicles with wheels designed primarily for the transport of people rather than goods.
Lumber
Timber that has undergone transformation into boards and beams, representing an intermediate phase in the creation of wooden materials.
Comparative Advantage
Comparative advantage refers to the ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.
Labor Abundance
A situation where there is a large supply of workers relative to the demand for labor, which can affect wages and employment levels.
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