Refer to Map (In the Textbook) 33

question 14

Essay

Refer to Map (in the textbook) 33.1 and explain why areas such as Latin America and Africa have the lowest GDPs. Correlate this with the relatively recent events of industrialization and decolonization.

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Definitions:

Indirect Cost

Expenses not directly traceable to a specific product or process, such as utilities for a manufacturing plant.

Direct Cost

Direct costs incurred in the manufacture of certain goods or services, like labor and raw materials.

Raw Materials

The basic materials that are processed and converted into finished goods through manufacturing.

Direct Labor

The work performed by employees who are directly involved in the production of goods or services.