Labor abundance can be measured by the amount of labor or price. A project which is dependent on labor is known as a labor intensive project. In labor intensive projects manual labor an essential element of these projects. Countries that which are lacking in technology yet have considerable amounts unemployed manpower are ideal for these projects. Labor efficiency is the determining factor of success in labor intensive projects. Wages are given at higher rates to those workers who have qualifying skills. The labor population of the United States is greater than that of Brazil. The United States in comparison to Brazil has a greater per capita as …show more content…
The establishment of trading can be traced back over 9,000 years ago. The roots of long distance trade date back even further coinciding with the creation of ships. The global economy is established through international trade. The modern industrial world was developed and enriched as a result of international trade. An advantage of importing goods is receiving goods of a better quality. Other advantages are good which are more readily available which have a greater appeal. Trade helps to stimulate accelerated economic growth. Production of these goods is often noted as being more efficient because of the competitiveness of the global market. Consumers in these countries are provided with greater options of products. Trade establishes long-term economic