The Making of a global world
Brief Concepts of the Lesson -
Trade is the activity of buying selling or exchanging goods or services between people firms or countries.
Indentured labour - A bonded labourer under contract to work for an employer for a specific amount to work for an employer for a specific amount of time to pay off his passage to a new country or home.
Tariff Tax imposed on a countrys imports from the rest of the world. Tariff are levied at the point of entry i.e. the border or the airport. Corn lawsThe laws allowing the British Govt. to restrict the import of corn were popularly known as the corn laws.
Assembly line production - The assembly line is a manufacturing process in sequential manner to added to a product in sequential manner to create a finished product.