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Katarina [22]
2 years ago
15

Explain the role of European monopoly companies on the development of overseas territories.

History
1 answer:
Brut [27]2 years ago
6 0

The roles of European monopoly companies on the development of overseas territories are:

They were profit-driven

They wanted an competitive market

They would get cheaper labor

They would get cheaper materials

A monopolistic market is one where there is only one producer and distributor in a market, without any significant competitor.

The Europeans wanted a monopolistic market so they had to expand overseas as a means of getting cheap labor and other advantages which would help them increase profit.

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