A Key Factor in the Slowness of China to Industrialize

question 20

Multiple Choice

A key factor in the slowness of China to industrialize was a

• A) lack of cheap labor.
• B) failure of the state to support commerce.
• C) lack of natural resources such as coal and iron.
• D) disinterest in business.

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Definitions:

Corporate Income Taxes

Taxes imposed on the net income or profit of corporations, calculated after deducting expenses like cost of goods sold and wages.

Expected Profit Rate

The forecasted return on an investment or business venture, calculated as the potential profit over time divided by the initial cost.

Interest Rate

The slice of a loan subjected to interest rates for the borrower, commonly conveyed as an annual percentage of the loan's remaining sum.

Invest

The practice of assigning financial resources with the aim of receiving profits or earnings.