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What Is the Legacy of Colonialism in Our World Today

question 27

Essay

What is the legacy of colonialism in our world today? Consider the phenomenon of globalization and discuss how colonialism and its after-effects have a continuing impact on our world today.


Definitions:

Marginal Product

The additional output that is produced by using one more unit of a given input.

Vertical Axis

The vertical axis in a graph or chart is the y-axis, representing the quantity or degree of the variable measured.

Capital Market

A financial market in which long-term debt or equity-backed securities are bought and sold, different from the short-term funds seen in the money market.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price.

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