The Europeans began to colonize areas rich in resources such as rubber and petroleum after. Factories transformed such raw materials into finished goods, but they needed to sell these finished goods. NextReset

Question

History

Elliana Mcclain

29 March, 06:10

The Europeans began to colonize areas rich in resources such as rubber and petroleum after. Factories transformed such raw materials into finished goods, but they needed to sell these finished goods. NextReset

+5

Answers (1)

Know the Answer?

Bizzy · Answer 1

They need to sell the goods into the market. If their country has enough supply of the product they sell, they would have trouble selling it inside the country. But t hey can try to extend their market abroad.

Payment for the goods shall be received and t he businessman can now have all the profits. These profits can be used as an additional capital to produce more products abroad or it can serve as capital to start other more businesses.